Commerce

Forms of Division of Labour

len Alfred Ajibola - Sat, 29th June, 2019 @ 08:03

Topics in Commerce

Principle of Marketing: Positioning as a Marketing Mix Principle of Marketing: Packaging as a Marketing Mix Elements of Promotion in Marketing Mix Principle of Marketing: Promotion as a Marketing Mix Principle of Marketing: Place as a Marketing Mix Principle of Marketing: Price as a Marketing Mix Principles of Marketing: The 7 Ps of Marketing Mix Factors necessary for Division of Labour Disadvantages of Division of Labour Advantages of Division of Labour Outbound Marketing explained Inbound Marketing explained Production - Types of Production Commerce: Definitions and Scopes of Commerce Differences between Balance of Trade and Balance of Payments Balance of Payment Deficit and Balance of Payment Surplus Disadvantages of Foreign Trade Divisions of Foreign Trade Advantages of Foreign Trade What is Foreign Trade? Types of Foreign Trade


Academic Questions in Commerce

Please check out our Test Your Knowledge page to see all Questions and Answers

The followings are advantages of division of labour EXCEPT _____.

  • A. It promotes the use of machines in production industries
  • B. There is an increase in profit
  • C. It saves time and expenses of training
  • D. It fosters the spirit of division
  • E. It increases the production of quality goods and services in the market
  • F. It increases a country's economic growth

Which of the following statement is incorrect concerning division of labour?

  • A. It is the specialization of works
  • B. It can become monotonous
  • C. It is the specialization of processes
  • D. The nature of a job is not a condition for division of labour
  • E. A person performs only a part of the job
  • F. Division of labour has some of its drawbacks

What does a bearer cheque mean?

What is an order cheque?

LEN ACADEMY SMART SCHOOL SOFTWARE
Click here to watch the video

Image

For a free trial, click here. Recommend to a school and get 25% commission for 6 academic terms

Forms of Division of Labour:

Forms of division of labour relates the various ways through which division of labour may be carried out.

Take for instance, in a country like America, one state may choose to specialize in the production of a cars while another state specializes in another area, lets say agriculture.

The above instance presents some sort of division of labour with regards to both states.

Before we delve into the forms of division of labour, an understanding on the concept of division of labour will prove useful.

Please read on the Concepts of Division of Labour here.

Below are some explanations on the Forms of Division of Labour:


  • Complex Division of Labour

This form of division of labour relates to process specialization.

Process specialization implies that the work done by an organization will be divided into different and specific processes, with a person or group of persons handling each process.

You can read on the Advantages of Division of Labour here.

An instance of process specialization is seen in a bottled water company. The processes involved can be divided as follows:

  1. One person may be required to carry out water generation.
  2. Another person carries out the water purification process.
  3. Another bags or bottles the water.
  4. Another adds label to the bottled water.
  5. One or more persons does the transportation and sales of the water.

Note: Mass production industries will always embark on this form of division of labour.

Please read on the Factors necessary for Division of Labour here.

 

  • Occupational Division of Labour

Occupational division of labour relates to the various occupation available in a society, country or state.

As an instance, in every society, we have teachers, bankers, doctors, lawyers, architects, drivers and so on. Each of these are professionals in their respective fields.

You can read on Careers in Physical and Health Education here.

Occupational division of labour therefore requires that the societal jobs are shared among people who are experts in regards to their respective occupation. As a result, teachers will be dedicated towards the training and teaching of pupils and students while the doctors are specialize in saving lives.

Please read on the Responsibilities, Duties and Obligations of a Citizen here.

Note: The various functions of each of the aforementioned professionals stabilizes a country's economy. If a strike action is embarked by an occupational segment of the society, for instance, the medical department (doctors), lives will be lost.

Please read on the Disadvantages of Division of Labour here.

 

  • Geographical Division of Labour

The geographical location of industries will affect this form of division of labour.

The instance below explains the geographic division of labour:

Another good reference to geographical division of labour is the city of Bombay and Democratic Republic of Congo.

Bombay is distinguished for its cotton production, while the Democratic Republic of Congo is widely know for cobalt mining.

Please read on Business and Characteristics of Business here.

If You are a Student, Teacher or Lover of Education, please click here to follow LEN ACADEMY on Google News

THANKS FOR READING - Please Help Share!


len

Alfred Ajibola is a Medical Biochemist, a passionate Academician with over 7 years of experience, a Versatile Writer, a Web Developer, a Cisco Certified Network Associate and a Cisco CyberOps Associate.


Please Register here or Login here to contribute to this topic by commenting in the box below.

CONTRIBUTE TO THIS TOPIC | ASK A QUESTION


Amazing facts in Commerce

Amazon is an e-commerce website launched in 1995. It did not make any profit for its first seven years.
Amazon's first profit was in 2003. Its founder "Jeff Bezos" is the richest man in the world as at 2018/2019


NOTABLE POINTS IN Commerce

Commerce can be defined as the exchange of goods and services, usually for money and on a large scale that will require the transportation of such goods and services.

Commerce is very important to the life of any Nation for the following reasons:

  1. Commerce facilitates the exchange of goods and services which everyone can enjoy, regardless their location or whether the goods is produced within or outside their country.
  2. Commerce creates an awareness of the existence of goods and services through advertising.
  3. Commerce offers employment to a very large number of people in a Nation.
  4. Commerce promotes rapid transfer of both oral and written messages through communication.
  5. Commerce determines the standard of living in a Nation. This is because the extent of commercial activities is crucial to wealth of  a nation.
  6. Commerce makes for the protection against risk in day to day business operations.
  7. Through commerce, there is a steady supply of goods in a Nation. This is because commerce ensures that goods produced are stored until needed.

A public company is not owned by an individual. Usually, it is owned by groups or a very large number of people.

The shares of a public company are traded freely on the stock exchange.

Below are some features of a public company

  1. A public company must receive it’s training certificate to commence business.
  2. The minimum membership is two while the maximum membership is limitless.
  3. A public company has a legal status. It can sue and be sued.
  4. A public company files and publishes its annual reports, including its accounts.
  5. The liability of its members is limited.
  6. The shares are easily transferrable through the stock market.
  7. A public company can issue debentures to be secured as its assets.

Please read on the types of business structure here

The four elements of the marketing mix are usually referred to as the 4 “P”. These are:

  1. Product: Anything thing that satisfies a consumer’s need is referred to as a product. Product may come in the form of manufactured goods, raw materials or services.
  2. Price: Price is defined as the exchange value of goods and services supplied. In simple terms, it serves as a mechanism of exchange.
  3. Promotion: It involves all the processes that concerns with how business organizations should inform their customers about its product. If done properly, the demand of product will be increased. Promotions can take the form of advertising, search engine optimization, social media marketing, trade fairs exhibition and so on.
  4. Place: The place as a marketing mix concerns variables such as location and transport facility where the distribution of goods and services take place.

Think of marketing mix as the set of marketing tools that an industry or company uses to drive or accomplish its marketing objectives in the target market