BUSINESS ASSIGNMENT – 2ND TERM

Answer the following questions and include an example where possible.

1.- Define the term lean production. Describe the different production techniques

included.

2.- Make a chart with the methods of production and their advantages and

disadvantages.

3.- Which are the Economies and Diseconomies of scale?

4.- What is the break-even point? What is it used for? Provide an example.

5.- What are the factors to be considered before deciding the location of an

industry?

6.- How can you classify the sources of finance?

7.- What is a cash flow forecast and what is it used for?

8.- What is a balance sheet? What information is included?