Business 7115 · O Level · Production of goods and services
Production of goods and services — practice question
TRB is a small business operating in the secondary sector. TRB assembles computers. Apart from the battery and the glass for the screen, every component is brought in from overseas. 40% of its products are exported. A lot of its competitors are moving to low cost countries. The Operations Director at TRB believes that globalisation may offer more opportunities than threats for TRB. She is considering methods to raise efficiency in the factory. One possibility is to adopt lean production methods.
(a)[2]
TRB is in the secondary sector. Identify the other two classifications of business sector activity.
(b)[2]
Identify two ways to measure the size of a business.
(c)[4]
Identify and explain two methods of lean production that TRB might use.
(d)[6]
Identify and explain two possible benefits to TRB of improving efficiency.
(e)[6]
Do you think there are more opportunities than threats from globalisation for TRB? 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: “primary sector” …