10: Product and Service Design Flashcards
1
Q
Changes in the design mix to reflect social trends (3)
A
- Resource depletion
- Waste minimisation/re-use
- Recycling
2
Q
A
3
Q
Date (1)
A
- April 2013
4
Q
Benefit of waste minimisation (4)
A
- Using CAD software =
- Low production costs
- So can charge lower prices
- Competitive advantage
Also, reduced enviornmental footprint
- Can be used as a marketing tool
- So can create percieved value through advertising
5
Q
‘Sourcing based on fear of ethical revelations’ COA (2)
A
- Purchasing decisions based on customer image
- And profit maximisation
-
6
Q
Lack of ethical sourcing can lead to _______________ (4)
A
- Bad publicity
- Leading to plummeting brand loyalty
- And loss of distribution channels
- Therefore, low sales with high fixed costs
7
Q
Name of the accident (1)
A
- Rana Plaza Collapse
8
Q
Deaths (1)
A
1100
9
Q
Two types of good publicity sourcing (2)
A
- ‘Ethical sourcing’
- ‘Sourcing based on fear of ethical revelations’
10
Q
Design (4)
A
- Finding the right balance
- Between something people desire to have
- That they can afford to buy
- And that works reliably
11
Q
Firms decide on their design mix after ………………….. (3)
A
- Careful market research
- To identify the purchasing motivation
- of existing and potential customers
12
Q
British consumers & ethical sourcing (5)
A
- During the 2008 recession, sales of organic food
- Reversed a longstanding upwards trend
- Therefore, British consumers seem to only take ethical sourcing seriously
- If there is a positive economic climate
- That said, growing enviornmental awareness
- May make organic goods less income elastic in future