What Are The Methods Of Production?
What are the ways related to economics (prices and activity)
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There are four main methods of production which are commonly used in terms of economics and business. These are as follows:
Job Production:
If a product is produced with the help of labor of a single worker it is known as job production. This method of production is used when limited products are produced or only a prototype is to be produced.
Boutique Manufacturing:
This kind of production method is used when small batches of a product are to be produced. It features high standardization.
Batch Production:
When different types of the same product is to be produced in high quantities, then batch production is used. Here, products of same kind, form a single batch and are processes on the production line.
Flow Production:
Flow production is actually Mass production. This process is to be used when a single product has to be manufactured in bulk.
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