- •Images of business
- •Forms of business
- •Vocabulary task
- •Business Ownership Selection
- •Sole proprietorship
- •Special Appeal to a Start-up
- •Partnership
- •Professional Services? – Yes
- •Corporation
- •Synonym of Big Business
- •Unit 2 sorting out production issues
- •Factors of production
- •Vocabulary tasks
- •The Factors of Production
- •Production and operations process
- •Defining Production and Operations Management
- •Introduction
- •Issues to Be Solved When Organising a Manufacturing Process
- •Production facilities: location, capacity and inventory
- •Issues to Be Sorted Out
- •Inventory Management
- •Just-in-time production
- •Just-In-Time Inventory Management
- •Fill in the table below with strengths and weaknesses of jit and explain all pluses and minuses of this system.
- •Business philosophies
- •Reading comprehension 1 (units 1-2)
- •1. Read the article and the questions to it.
- •2. For each question 1–5, choose one answer (а, в, с or d). Management and Production
- •Figure 1. Production variables and relationships among them
- •Figure 2. Major activities performed to manage production
Unit 2 sorting out production issues
Learning goals After studying this unit you will be able to:
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READING I
Factors of production
Before you read
Vocabulary tasks
Word building: complete the following table with appropriate derivatives.
Verb |
Noun |
Person |
Adjective |
produce |
production |
producer |
producible |
manufacture |
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entrepreneur |
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identify |
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- |
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analysis |
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classify |
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economic |
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manageable |
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work |
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transporter |
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categorize |
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- |
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employment |
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innovative |
2. There are some collocations with the word ‘production’. Think of other word combinations with this word. Use dictionaries to help yourself.
industrial production |
production of goods |
to start production |
planned production |
production of machines |
to launch production |
organised production |
… |
… |
… |
…. |
… |
Key terms
1. Choose the Russian equivalents for the English terms and word expressions in the left-hand column.
1) mass production |
a) полная и неполная (частичная) занятость |
2) factors of production |
b) хорошо обученная рабочая сила |
3) full- and part-time work |
c) массовое (поточное, серийное) производство |
4) private and public sectors |
d) сырье |
5) well-trained labour force |
e) искусственные, созданные руками человека ресурсы |
6) natural resources |
f) факторы производства |
7) raw materials |
g) средства обслуживания, удобства, услуги; оборудование, средства, приспособления |
8) man-made resources |
h) коммунальные сооружения или предприятия, коммунальные услуги |
9) facilities |
i) частный и государственный секторы |
10) utilities |
j) естественные (природные) ресурсы (богатства) |
2. Match up the words on the left with their definitions on the right.
1) production |
a) the application of practical sciences to industry or commerce |
2) mass production |
b) the basic physical and organisational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise considered as a decisive factor influencing economic growth |
3) resources |
c) any resource used in the production of goods or services |
4) entrepreneurship |
d) the use of resources to make goods or services which have value |
5) infrastructure |
e) making large numbers of basically identical things |
6) technology |
f) assuming the risk of starting one’s own business |
7) factor of production |
g ) anything that can contribute to economic activity |
Think ahead
Is production vital for the life of modern societies? Why? Give your arguments.
Which important elements of the infrastructure of a modern industrialised country can you name?
Text 2.1 Skim the text and name different categories of factors of production. Then read the text once more and do the tasks given in the comprehension section below the text.