Identify and discuss the major classifications of production processes

What will be an ideal response?

Answer: There are four major classifications of production processes: continuous flow, assembly line, small batch, and job shop.
1. Continuous flow production is characterized by inputs that are transformed into outputs in an uninterrupted stream. This type of process is common in chemical plants and refineries.
2. Assembly-line processes are characterized by a series of workstations at which individual steps in the assembly of a product are performed by workers or machines as the product is moved along. Computers and automobiles are typically produced in this way.
3. Small batch processes are used to produce small batches of products or services. Many university classes are small batch processes, in which a group of students attends a class for a predetermined period of time, during which inputs (knowledge) are added.
4. Job shops are characterized by production processes that focus on the creation of small groups of products with features that are typically different from one job to the next. This category is represented by high-end tailors that produce custom-made suits for customers.

Business

You might also like to view...

Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

A) Income statement B) Statement of retained earnings C) Statement of cash flows D) Cash budget

Business

Preferred stockholders receive a dividend preference over common stockholders

Indicate whether the statement is true or false

Business