Ch 1 - Industry and Enterprise

Question 1

Globalisation

Answer 1

The process by which economies and cultures become inter connected through global trade.

Question 2

Advantages of globalisation

Answer 2

It makes trade easier. International platforms can easily be reached through the internet

Question 3

Advantages of communication

Answer 3

Faster. Reliable. You can reach anywhere in the world

Question 4

Advantages of productivity

Answer 4

More organised. Easier access

Question 5

Advantages of accuracy

Answer 5

Almost 100%. Programmed not to make mistakes

Question 6

Advantages of processing speed

Answer 6

Works faster than humans

Question 7

What is a co-operative

Answer 7

A company commonly owned and run by the members

Question 8

Advantages of co-operatives

Answer 8

Cost effective - bills/expenses shaded etc.

They are set up to protect the rights of their members and ensure fair terms and conditions for all.

Allow greater protection and a stronger democratic voice

Question 9

What is a patent

Answer 9

A legal process which proves that you are the first to register an idea or invention

Question 10

Start-up company

Answer 10

Where a company has an idea and the potential go grow into a profit-making business

Question 11

Automation

Answer 11

The increased use of mechanics and industrial machines to manufacture products

Question 12

Effect on jobs due to automation

Answer 12

Jobs have been lost, because intelligent robots/machines can do the work instead of people. They are also more accurate.

The latest automated production lines only require a few high skilled jobs (e.g. engineers).

Hierarchy of jobs is misbalanced - only high skilled workers are employed.

Question 13

What is CAD

Answer 13

Computer Aided Design is a digital way to creat accurate design and drawings/models of items/products.

Question 14

Advantage of CAD

Answer 14

Designs can be quickly and accurately analysed and manipulated which saves valuable time and money

Question 15

What is CAT

Answer 15

Computer Aided Testing - Softwares can carry out complex tasks e.g virtual stress tests and assessing the manufacturability of a product.

Question 16

What is a prototype

Answer 16

A smaller scaled, test version of a final product. Used to assess the manufacturability and to identify any changes before the manufacture of the final product begins

Question 17

What is CAM

Answer 17

Computer Aided Manufacture - usually used for prototype making, includes:

• Computer Numerical Control (CNC) machines such as laser cutters
• Rapid Prototyping (RTP) machines such as 3D printers

Question 18

Why is the order of a production line important?

Answer 18

Designing, manufacturing, and delivering products has to be very efficient. This will reduce unproductive time, unnecessary movement, and waste materials.

Question 19

What is enterprise

Answer 19

When an idea is turned into a business proposal which has commercial viability as a potential product.

Question 20

What is crowd funding

Answer 20

Is usually an Internet based way to gain small contributions from many investors who believe the product/idea has a future

Question 21

The is virtual marketing and virtual retail

Answer 21

includes the use of websites, social media, email and digital marketing to reach a wider audience and potential client base in order to promote a service, product or idea. Paid-for advertisements also come under this

Question 22

What is search engine optimisation

Answer 22

A type of virtual marketing where companies try to boost their website higher up in the internet the search results than their competition.

Question 23

What does fair-trade do?

Answer 23

Ensures better prices, appropriate working conditions, and fair terms of trade for farmers and workers within the less economically developed countries.