Business 0450 · IGCSE · Production of goods and services
Production of goods and services — practice question
TRB is a small firm in the secondary sector. TRB puts together computers. With the exception of the battery and the glass used for the screen, every component is brought in from overseas. 40% of its products are sold abroad. Many rival firms are moving to low-cost countries. TRB’s Operations Director believes the advantages of globalisation may outweigh the disadvantages for TRB. She is considering ways to raise factory efficiency. One possibility is to adopt lean production methods.
(a)[2]
TRB is in the secondary sector. Identify the other two categories of business-sector activity.
(b)[2]
Identify two methods for measuring the size of a business.
(c)[4]
Identify and explain two lean production methods that TRB could use.
(d)[6]
Identify and explain two possible benefits to TRB from improving efficiency.
(e)[6]
Do you think globalisation offers TRB more opportunities than threats? Justify your view.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Primary-sector activity” …