English for Business Studies - Unit 7

Terms in this set (22)

assembly line
(n) a series of workers and machines in a factory, where parts are made and assembled in sequence in order to produce a finished product
batch production
(n) a production method whereby a specific number of products are produced within a specified timeframe
component
(n) a part of something
continuous
(adj) existing or happening without interruption
fixed costs
(n) the costs that a business must pay that do not change, such as rent, even if the amount of work produced changes
flow production
(n) a production process involving continuous progression, so that when one task is complete another one starts
job production
(n) a type of business model that performs or creates single and custom-built projects for a particular client
linear
(adj) progressing from one thing to another in succession
locate
(v) to set in a particular place
mass production
(n) the process of producing goods in large amounts, using an automated mechanical operation
operation
(n) the act of using a machine or system
planning
(n) the process of organizing something ahead of time
project management
(n) organization of a set of tasks to achieve a goal
prototype
(n) an early physical realization of a design
revenue
(n) all the money made by a business
scheduling
(n) working out the timeframe for different processes for an event or activity, from when it will start to when it will finish
sequence
(n) an order or combination of things; (v) to arrange things in a particular order
service industry
(n) the industry sector made up of businesses that provide services, such as tourism, entertainment or health care, which don't involve a physical product
simultaneously
(adv) at the same time
supply
(n) an amount of a thing that is available for use; (v) to make things available for use
supply chain
(n) the series of processes used to supply a product to customers
variable costs
(n) business expenses that go up and down in proportion to production
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