| A | B |
|---|
| Minimum Stock Level | The lowest level of stock a business is prepared to hold |
| Maximum Stock Level | The highest level of stock a business is prepared to hold |
| Job Production | Individually made goods to order |
| Batch Production | Short production runs before changing to a different product |
| Flow production | The production of large volumes of identical products |
| The Product Life Cycle | The length of time people will buy a product |
| The Product Mix | The products a business sells |
| Market Orientated | Businesses that design goods that fit in with customers needs |
| Product Orientated | Businesses that design goods and try to sell them |
| Market Research | Provides information on changing tastes and fashion |
| Location | The general area in which production takes place |
| Production | All the activities a business needs to make the goods and services it sells |
