1.1 - core technical principles Flashcards
What is enterprise
a skill where individuals or organisations are prepared to show initiative and take risks to make things happen
What is innovation?
bringing and developing new ideas for the market
Explain crowdfunding
a method used to raise money from a large number of people
what are the three types of crowdfunding?
donations - give money because they believe in the cause
equity - money buys shares in the business
debt - money is loaned and then paid back with interest
What type of marketing are businesses showing interest in?
virtual marketing and retailing
what does virtual marketing include
using a website and social media to promote a company or product
What is a co-operative
a business owned and self-managed by its workers. They manage and govern the business by setting their own conditions and work timetables
Explain Fairtrade?
a movement created to help producers in developing countries.
It gives fair and better trading conditions to everyone involved in the product
Define sustainability?
meeti g our present day needs without compromising future generations
What is a finite resource?
a resource which does not renew its self quickly enough to meet the needs of future generations
What is a non- finite resource?
a resource which can replenish itself quickly enough to meet its needs
What are some ways a designer can think about the future of its product?
- low impact materials
- conserving resources by using recycled materials
- reduce material use
- designing low energy products
- ensuring a prolonged life
- making sure materials can be recycled easily
What is an ecological footprint?
the impact of a person or community on the enviroment
what is a social footprint?
the effect of a comoany or organisation on people
which 4 ways can waste be dealt with?
- landfill
- incineration
- resource recovery
- energy recovery