Business 0450 · IGCSE · Production of goods and services
Production of goods and services — practice question
WLT makes carpets and ships 40% of its products overseas. Globalisation has brought both chances and dangers for WLT. Its production method enables WLT to benefit from specialisation. Every one of its 60 employees knows that quality assurance matters. WLT’s directors are weighing up the most effective way to improve efficiency.
(a)[2]
Define what is meant by ‘specialisation’.
(b)[2]
Identify any two methods of production.
(c)[4]
Outline two advantages that quality assurance could bring to WLT.
(d)[6]
Explain one opportunity and one threat of globalisation for WLT.
(e)[6]
Do you think improving labour skills is the best way for a manufacturing business to raise efficiency? Justify your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “When people, businesses or countries focus on the things they are most skilled at” …