Industry And Enterprise Flashcards
What were the effects of the industrial revolution on industry?
Due to the development of the emerging technology of the time: Steam power.
- Larger workshops, mills and factories.
- More people moved to cities.
- Society based on Consumerism and enterprise.
- People had money to buy goods so manufacturing boomed.
What is the effect of automation on industry?
- Automation produce products of a consistent high standard.
- Low cost products due to the numbers produced.
- Products produced quickly.
- Very expensive to set up, costly is anything breaks down
- Require a specialist workforce
- QUALITY CONTROL
How has automation effected designers
Although sketching initial ideas is still considered the best way to get thoughts onto a page, the development of those designs almost always involved the use of Computer Aided Design.
With CAD, designs can be sent around the world, so products can designed in one place but made near to where they’ll be sold. This means less money is spent on transporting goods.
What is crowd funding
Is usually a internet-based way to gain small contributions from many investors who believe the product or idea has a future
What is fairtrade?
A movement that aims to achieve fair and better conditions and opportunities that promote sustainability for developing countries.
What are coopratives?
A business owned, governed and self managed by its workers
What is virtual marketing
and retail?
Includes a range of websites, social media, email and digital service or idea. Virtual campaigns using social media to spread the work have become popular way to launch products.
What is an enterprise?
Enterprise involves converting an innovative idea into a commercial product
