Mass and batch production, Financial Management

Assignment Help:

a) IPod -Line / Mass production is most suitable given that Apple can sell the standardised product to mass markets across the world. Only small variations to the production process is needed for different versions of the iPod (e.g. 8GB or 4GB models), but there is a large enough market for each of these to mass produce the product.

b) Wedding cakes - batch production or Job production could be used. In some cases, clients may demand a highly unique cake (job production) which is made to order. In other cases, clients may be given a choice from several different cakes on offer (batch production). Customers might as well buy a batch-produced cake but have finishing touches to make the cake more unique.

c) Cookies (biscuits) - Batch production is most suitable as each group of products is standardised but the product can be modified somewhat to produce diverse batches of cookies, e.g. plain or chocolate chip flavour.

d) Navy battleships - Job production will be most appropriate as navy battleships are highly sophisticated and expensive products with unique capabilities and features. The infrequency of orders and the huge costs of production also make it complicated to use batch production.

e) Plasma televisions - Large manufacturers, such as Samsung and Sony, are likely to use mass/line production, especially as the global market for plasma televisions continues to grow.


Related Discussions:- Mass and batch production

Define which proposed capital budgeting projects to accept, For a specified...

For a specified IOS and MCC, how do financial managers decide that which proposed capital budgeting projects to accept, and which to reject? For a specified IOS and MCC, all inde

How financial system works, Question: Part A  The financial syste...

Question: Part A  The financial system is complex in structure and function throughout the world. There are many different types of institutions: banks, insurance compani

Mutual fund services, Mutual Fund Services: Financial Mutual Funds laun...

Mutual Fund Services: Financial Mutual Funds launch schemes to cater to the need of the different categories of investors. They provide special services in addition to the retu

Explain the significance of the term additional funds needed, Explain the s...

Explain the significance of the term additional funds needed . When the pro forma balance sheet is finished, total liabilities and total assets and equity will rarely match.

Monetary policy, Monetary Policy The Federal Reserve's goal is to regul...

Monetary Policy The Federal Reserve's goal is to regulate the growth of the monetary aggregates to ensure sufficient credit expansion to foster economic growth, without inflati

Find the impact of price and trading volume, Purpose of research: The a...

Purpose of research: The aims of this research are to examine the effectiveness of speculation on efficiency of Petrochemical sector in Saudi Arabia financial market"TADAWUL".

What spot exchange should one forecast 5 years into future, The current spo...

The current spot exchange rate is Dr240/$1.00. Long-run inflation in Greece is calculated at 8 percent yearly and 4.5% in the United States.  If PPP is expected to hold among the t

Securities exchange act, Securities Exchange Act of 1934 With this Act,...

Securities Exchange Act of 1934 With this Act, the Congress created the Securities and Exchange Commission. The Act empowers the SEC with broad authority over all aspects of th

Institutional clearing member, Institutional Clearing Member (ICM) A Fi...

Institutional Clearing Member (ICM) A Financial Institution has to subscribe to at least 100 equity shares of Rs.10,000 each to become an Institutional Clearing Member of COFEI

Evaluate consolidated income statement, The consolidated income statement...

The consolidated income statement for AB Group for the year ended 30 June 2010: (all amounts in the workings are in $000, unless stated otherwise)

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd