Written by Fmi.Online Wednesday September 15, 2021
A job is simply the process of making a custom product. Each job will be different and have different requirements based on the custom product. Going back to our Fender example, each job will be slightly different. The guitars will be different colors, have different finishes, and have different specifications. These guitar jobs will all slightly differ, as do the products they produce.

Explanation :

In a job order production system, a company produces custom products for individual customers. In other words, each product is made to order. No product is mass produced. A great example of this is the Fender Guitar Custom Shop.Each guitar that leaves the Fender Custom Shop is a one of a kind guitar. These guitars are custom ordered by individual guitarists and companies. No two guitars are alike and no two guitars have the same production requirements.

In a nutshell :

  • Employers search for employees and employees search for jobs in the job market.
  • The job market grows or shrinks based on demand for labor and the number of workers in the economy.
  • The job market is directly related to the unemployment rate—a measure of the percentage of people who aren't employed but actively seeking work.
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