Mass production

Mass Production
Related Category: Economics: Terms and Concepts
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Mass production is the creation of many products in a short period of time using time-saving techniques such as assembly lines and specialization.

Mass production - Flow production.
Master budget - The plan of activities expressed in monetary terms of the assets, equities, revenues, and costs that will be involved in carrying out the plans.

MASS PRODUCTION: The production of large quantities of virtually identical goods using large scale operations. Such production typically makes use of large factories that benefit from economies of scale.

Mass Production
The manufacturing of large quantities of standardized products, frequently utilizing assembly line technology. Mass production refers to the process of creating large numbers of similar products efficiently.

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mass production
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See GoCurrency World Currencies Page & Currency Converter mass customization The mass production of goods catering towards individual specifications.

The assembly line and mass production of motor vehicles and other goods allowed manufacturers to produce more and cheaper products. This allowed the automobile to become the most important means of transportation.

A quick survey (ch 8) review mass innovation in mass production.The integration of mass distribution and mass production (ch 9-11) led to many mergers and the emergence of giant industrial corporations by 1900.

Just three years ago, the American buffalo coin saw an end to its mass production, but a coin very similar to its design came into being: the American buffalo gold coin.

The shift in emphasis is from mass production of a few products to a job-shop environment in which customized orders are manufactured.

Therefore, building a large factory will be more efficient than a small factory because the large factory will be able to produce more units at a lower cost per unit than the smaller factory. The introduction of mass production techniques in the ...

mass production with less-skilled labor), and production may be pulled to countries such as NIEs and LDCs with lower labor costs. Eventually, the product may recede in importance or become obsolete as it is displaced by newer innovations.

The structure of the industry has changed in recent years as textiles manufacturers in developed countries and the newly industrializing countries have increasingly adopted more capital-intensive mass production methods, ...

For instance McDonald's pioneered what is now called the industrialization of services business model by applying process standardization and mass production techniques of the manufacturing business model to the food service arena.

Mass production
The large-scale production of identical goods on a continuous basis. The process requires high automation almost always on an assembly line basis. The labour required is usually unskilled to semi-skilled.

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