business, Manufacturing and ethics Flashcards
how can you factor in supply with sustainability
-rethink and regulate consumption
-ensure that demand for future generations can be met
what is the definition of carbon footprint
the sum of all emissions caused by your activities over one year
what is a linear economy
a take make and and dispose movement
what are the factors of the linear economy
-recourses are often from finite sources
-products are usually single use
-use end of life is in landfill
what is factored in the circular economy
-a reusability/recycle stage
what are the six r’s
-reduce
-reuse
-recycle
-rethink
-refuse
-repair
why might companies choose to manufacture overseas
-greater flexibility
-to utilise large manufacturing facilities abroad
-economic savings due to lower labour costs
how can businesses improve accuracy and efficiency
-reduce time to market
-competitive advantages
-increased market share
-satisfied customers
how can economics improve accuracy and efficiency
-reducing expenditure on energy and materials
-reducing manufacturing and labour costs
-reducing the cos of waste processing and disposal
how can environmental improve accuracy and efficiency
-fewer recourses used
-less energy used
-lower levels of pollution
-less waste created