Answers
The ability of a business to change quickly from making one item to another.
Charging at or below the level of rivals so customers are attracted to buy.
Manufacturing groups of similar items using the same machinery, which is reset between each group.
Manufacturing a one-off product made to meet the specific requirements of a single customer.
The expenses a business incurs when making items, including raw materials, machinery and labour.
Physical, tangible items that are manufactured by a business and can be owned by the buyer.
The amount of output per worker per hour, showing how efficiently resources are used.
Non-physical, intangible activities that are provided by a business and used but not owned.
The extent to which a product meets customer expectations and is free from defects.
The continuous mass manufacture of identical items along an assembly line through a series of stages.
The use of machinery and equipment to complete manufacturing tasks without the need for human intervention.