KT7: 1.3.1 product/service design, 1.3.2 Distribution

Question 1

prototype

Answer 1

a test model of a planned design, used to see if it functions properly, with durability, reliability and safety

Question 2

sustainability

Answer 2

making something using materials that will still be around for future generations, perhaps because you are planting a tree for everyone you fell

Question 3

Capacity utilisation

Answer 3

this measures actual usage of your facilities as a percentage of the maximum possible eg: a half empty hotel has 50% capacity utilisation

Question 4

Corporate brand

Answer 4

a brand that represents the whole company as well as its products

Question 5

crowdfunding

Answer 5

obtaining external finance from many individual, small investments, usually through web based approval