Products in Society

Question 1

Define CrowdFunding

Answer 1

• The amount of money that a business setup to rise profit ( a Donation )

Question 2

Define what a Planned obsolescence is

Answer 2

• When something is Designed For Example (a Phone ) It’s made so that its isn’t used again

Question 3

Define what a Market pull is

Answer 3

• Market pull is what consumers want

Question 4

Define what a Technology push is

Answer 4

• Technology Push is what Manufactures can Provide

Question 5

Define what Co-operative Business is

Answer 5

• It’s a Business That is owned and run by its members.The members made all of the decisions about how the business is run and the profit is split equally between them

Question 6

Define what a Virtual Marketing is

Answer 6

• Its where The business Promotes its good or service on Social media (Facebook)