Industry And Enterprise Flashcards
1
Q
How has industry changed?
A
Industry and the way we manufacture is constantly changing and evolving.
2
Q
What are the positives of automation?
A
- Greater demand for products which originally creates jobs as machine manual labourers, machine operators and engines to keep running.
- Lots of quality control
- Production of a high consistent standard.
3
Q
Negatives of automation?
A
- Expensive to set up or anything breaks.
- In recent times, many jobs have been lost due to Robotic production
- We have things like CAD and CAM which takes seconds to produce and send designs to different countries.
4
Q
What are the different enterprises?
A
- Crowd funding
- Fairtrade
- Cooperatives
- Virtual marketing and retail
5
Q
Crowd funding
A
An internet-based way to gain small contributions from many investors who believe the prodcut or idea has a future.
6
Q
Fairtrade
A
A movement that aims to achieve fair and better conditions and oppurtunities that promote sustainability for developing countries.
7
Q
Cooperatives
A
A business owned, giverned and self managed by its workers
8
Q
Virtual marketing and retail
A
Includes a range of websites, social media, email and digital service or idea. Virtual campaigns using social media to spread the work have become more popular way to launch products.
