BUISNESS CONTEXT TERMINOLOGY

Question 1

In situ

Answer 1

On the specific site, often linked to when the users are present when the goods are made,in the place where they are being made

Question 2

product distribution

Answer 2

the manner in which goods and services are transported, stored and delivered to the users of clients

Question 3

corporate social responsibility

Answer 3

A designer or company’s sense of responsibility towards the community or environment. This can be expressed through their waste and pollution reduction and contribution to educational and social programs.

Question 4

mass customization

Answer 4

designing using flexible manufacturing systems to produce custom items, giving the advantage of lower costs of mass production with the ability to individualize the products.

Question 5

bespoke

Answer 5

custom made for one individual client

Question 6

experience economy

Answer 6

defined as an economy in which many goods or services are sold by emphasizing the effect the buying experience and the effect the product can have on people’s lives

Question 7

consumer buying behavior

Answer 7

the decisions, and basis for the decisions made by end users in choosing products or services

Question 8

ethical consumerism

Answer 8

the choices of what to buy and where to buy it on the basis of morals and ethics

Question 9

trend forecasting

Answer 9

predicting consumers attitudes, needs and wants, spending patterns and economic factors

Question 10

intellectual property

Answer 10

ownership of ideas. An idea or design can be owned and protected from copying using patents, brand names or trade marks