Section A business context case study Flashcards
In situ
when users are present when the goods are being made
in the place where they are being made
(PARIS MIKI - reduces environmental damage by reducing transport and consequently reducing CO2)
Product distribution
the manner in which goods and services are transported
stored and delivered to the clients
Corporate social responsibiltiy
Company’s sense of responsibility towards the community and environment
e.g waste and pollution reduction, educational programmes
(PARIS MIKI - provides abundance and happiness to all their clients - based on Japanese principle to entertain guests wholeheartedly)
Mass customisation
Flexible manufacturing systems to produce items
mass production = lower costs
individualise products
PARIS MIKI - developed Mikissimes Design System)
digital picture of consumer’s face, recommends a unique lens shape)
Bespoke
Custom made for on individual client
Experience economy
many goods and services sold by
emphasising the effect the buying experience and the effect the product can have on people’s lives
PARIS MIKI - consumer treated as an esteemed guest, served drinks, the technician assembles glasses in an hour, highly convenient
Consumer buying behaviour
the decisions and basis for the decisions made by end users in choosing products
(ethical consumers influenced by stewardship and commitment to triple bottom line, thus changing their behaviour)
Ethical consumerism
the choices of what to buy and where
on the basis of morals and ethics
Trend forecasting
predicting consumer’s attitudes, needs and wants, spending habits and economic factors
(cheaper imports
Intellectual property
ownership of ideas
protected from copying using patens, brand names or trademarks