CAIE IGCSE Business 0264 - Paper 2

4.1 Production of goods and services

Topical Past-Paper Questions

Why it’s here: Production methods, productivity, inventory and lean production.

CAIE IGCSE Business 0264 Paper 2 Topic 4.1

Key concepts to revise

The main ideas to know for 4.1 Production of goods and services.

Production methods

Job, batch and flow production suit different volumes and product variety.

Productivity

Output per employee or input can be improved through training, technology and organisation.

Lean production

Reducing waste can lower costs, improve quality and shorten production time.

Inventory control

Businesses balance reliable supply against storage and finance costs.

Exam material

Past-paper questions

Past-paper question 0450/22/M/J/25 [12] marks

2(b) Consider the following two ways TSE could use to increase efficiency. Which way should TSE use? Justify your answer [12] [Click here for the Case Study Insert] Improving labour skills: Increasing automation and technology: Recommendation: