In JIT stock management, when are materials and components delivered?
- Far in advance of production needs
- As soon as they run out
- Exactly when they are needed in the production process
- Irregularly and unpredictably
What is the main benefit of maintaining high-quality standards in a business's products or services?
- Minimised efficiency and competitiveness
- Consistent customer satisfaction and trust
- Increased waste and defects
- Lower production costs
What is one of the key consequences of high-quality products or services for a business?
- Improved customer relations and increased market share
- Inconsistent product pricing
- Continuous price reductions
- Ignoring customer feedback
Which of the following is a cost of poor quality control?
- Reduced customer complaints
- Increased customer satisfaction
- Higher defect rates and waste
- Enhanced production efficiency
Flow production is often associated with which type of products?
- Handcrafted items
- Custom-made furniture
- Mass-produced goods
- Artisanal foods
Why is effective procurement important for a business's unit costs?
- It has no impact on unit costs
- It can result in cost savings through competitive sourcing and supplier selection
- It always leads to higher unit costs
- It guarantees low product quality
What is the primary goal of effective supply chain management in a business?
- Maximising product prices
- Minimising profitability
- Increasing waste and unnecessary costs
- Ensuring efficiency, cost-effectiveness, and fast production times
What is the primary benefit of implementing a just-in-time (JIT) system?
- Reduced production costs
- Increased waste and inefficiency
- Higher levels of inventory
- More room for errors in the production process
What is the primary goal of lean production?
- Maximising inventory levels
- Minimising waste and improving efficiency
- Maximising employee overtime
- Maximising production costs
What are the primary considerations for a business when choosing a supplier?
- Supplier's location and reputation
- Supplier's size and stock levels
- Supplier's price, quality, and reliability
- Supplier's marketing efforts and number of staff
