The Impact on Industry and Enterprise Flashcards
How was the Industrial Revolution caused
Due to the development of the emerging technology of the time: steam power
Where a modern factories generally situated
Located next to transport links
What is mass production
Uses automated machinery that only produces that product 24/7. e.g Drink Cans
Repetitive tasks are now frequently carried out by….
Robots
Automated systems produce products of…….quality at a….production cost because of the number of products they can produce……
High
Low
Quickly
Give some disadvantages of automated systems
Expensive set up cost
Requires a specialist workforce if it breaks down - costly
Power cuts
What is batch production
Makes only 10,000’s of products, uses press formers
How quickly can an entire Mini car be put together using robots
24H
Give some tasks that robots can do
Welding Spraying Assembly tasks Packaging Labeling Painting
What is Enterprise
A skill where individuals or organisations are prepared to show initiative and take risks in order to make things happen.
Business and entrepreneurs look for business opportunities and gaps in markers in order to fill them.
Give two shows that encourage enterprise
Dragon’s Den
The Apprentice
What is innovation
Bringing new ideas to the market, inventing and developing ideas into products
What is crowdfunding
A method of funding a product by raising money from large numbers of people, only possible by the development of social media
What is virtual marketing
Uses marketing techniques in which social networks and websites are used ton increase a brands awareness
What is a huge challenge facing the retail sectors
Show-rooming - were customers go to look at a product before purchasing it only at a lower price
What did Tesco recently do in a subway in Korea
Displayed all of it’s 500 most popular items, which users would click on which would then be delivered back go their house
What is a Co-opertative business
Is owned and self-managed by it’s owners
How many co-operatives are their in the UK
7,000 independent ones
What is Fair Trade
A movement which was created to help producers in developing countries.
What is Fair Trade’s aim
To achieve fair and better trading conditions and opportunities that promote sustainability
What is sustainability
Meeting our own present-day needs without compromising the needs of future generations - new technologies can help us do this
What is a finite resource
A resource that does not renew itself quick enough to meet the needs of future generations
Give some example finite resources
Coal, Oil, Gas
Give some non-finite resources
Water and plant life e,g trees
