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Depends on the product. Both can be profitable. If volume is high and the product is standard, than, the continuous production is a better fit. If the product need flexibility and less volume, the batch production is more suitable.

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Is foreign exchange trading profitable?

Many people find it to be profitable and eventually quit their job to trade full-time. However, there is risk involved in forex trading and it is easy to lose money too. Do not trade on real money account before learning the basics of Forex trading. Do not trade on real money account before choosing the right broker which doesn't play against customers. Do not trade on real money account before training on demo account. Do not trade on real money account before you have your own Forex money management rules.


How can I maintain coverage with Cobra health insurance while transitioning between jobs?

To maintain coverage with Cobra health insurance while transitioning between jobs, you can continue paying the premiums directly to the insurance provider. This will ensure that you have continuous health insurance coverage during the job transition period.


What are the uses of specialization and division of labor?

People can learn faster and become more skilled as they are taking only one task instead of many different tasks.People can specialise in the tasks they perform well.Workers can improve their skills as they repeat their tasks many times.Time can be saved as workers don't have to switch from one job to another .The use of machines to replace labour becomes easier as production is divided into small tasks.the supervision of the production process can be carried out easily.Overall speaking, division of labour can increase production efficiency as workers can perform more efficiently at tasks that they can do best.


How do you make money if you own an oil company?

The Company makes money by: * Buying and selling goil and gas * Pipeline fees * Brokering third a party production * Lease sales As owner you make money by: * Salary for a job * Management fees * Dividends * Bonuses * Stock options


What is a job specialization?

a document sumarizing the basic purpose of a job

Related Questions

What is profitable job or continuous production?

Depends on the product. Both can be profitable. If volume is high and the product is standard, than, the continuous production is a better fit. If the product need flexibility and less volume, the batch production is more suitable.


What can be an example for job and batch production?

Job production : Building construction (not real estate) Batch production : Bakery


What are the Five methods of production processes?

The five methods of production processes are job production, batch production, mass production, continuous production, and custom production. Each method is suited for different types of products and production volumes.


What are the types of food production systems?

There are so many different types of production process. However, the main ones are only three namely batch production, job production and flow production.


What is cost per job?

Cost per job refers to how much it cost to complete the job. In production, producing a batch is considered a job.


Explain the meaning of batch costing How does such a costing differ from job costing?

Batch processing means the production of units of products in continuous process where products units produced without any break and different process of making product continuously keep working and produce in mass quantities. It is different from job costing in this sense that in job costing, costs of separate jobs or projects are kept separate from each other and costing of each job is done separately which is not done in process or batch costing.


Explain the 5 different types of product-flow characteristics?

Continuous Processes, Assembly Line, Batch Flow, Job Shop and Project


What are types of production management?

There are five types of production management including: job, batch, flow mass customization and cell production. The production system a business chooses is based on their overall goals.


What are the batch costing and batch processing and job costing?

batch coting


What are the four different types of cost?

Job costing, batch costing and process costing job costing is used in a business where the production is made up of individual large jobs , each of which is different and has different inputs of materials and labour. batch costing is suitable for a business that produces batches of identical units, but each batch is for different units. process costing is the costing method applicable where goods or services result from a sequence of continuous or repetitive operations or processes.


What are the types of daily production system?

Depending on the flow characteristics, there are four classes of the production system. 1.Mass production or flow line production system. 2.Batch production system. 3.Job shop. 4.Projects


What are the differences in approach for planning and control among mass batch and job shop production?

NOTHING, ONLY A MBA-IGNOU, ASSNMENT QUESTION.