Section A business context case study Flashcards

1
Q

In situ

A

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)

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2
Q

Product distribution

A

the manner in which goods and services are transported

stored and delivered to the clients

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3
Q

Corporate social responsibiltiy

A

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)

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4
Q

Mass customisation

A

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)

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5
Q

Bespoke

A

Custom made for on individual client

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6
Q

Experience economy

A

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

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7
Q

Consumer buying behaviour

A

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)

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8
Q

Ethical consumerism

A

the choices of what to buy and where

on the basis of morals and ethics

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9
Q

Trend forecasting

A

predicting consumer’s attitudes, needs and wants, spending habits and economic factors

(cheaper imports

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10
Q

Intellectual property

A

ownership of ideas

protected from copying using patens, brand names or trademarks

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