The market and product life cycle (Key terms 1) Flashcards
What is market pull?
When product idea are made in response to the current market and customer needs.
What is technology push?
When new technology influences the product design process so that products are improved through the use of the technology.
What is the product life cycle’s 4 steps (Imagine the sales-time graph).
Introduction
Growth
Maturity
Decline
What is the product life cycle analysis?
When you assess the impact of the product on the environment by looking at:
- Raw materials used
- Energy consumption throughout
- The 6 r’s
- Process
- Carbon footprint
- Environmental footprint
Who are the British Standards Institute (BSI) and that do they do?
They are the national standards body for the UK and provide technical standards on a wide range of products to ensure quality and safety.
How can you a tell if a product is approved by the BSI
The kite mark- guarantees safety and quality.
What is the International Organisation for Standardisation?
A non-governmental world wide body that provide standards around the world for products.
What is the consumer rights act 2015?
An act that provide a number of rights to the customer that aims to protect customers.
What is the trade description act 1968?
An act that makes the sale of products using misinformation illegal.
What is sustainability in terms of Product Design?
Making products that meet todays needs without compromising the future.
What is a circular economy and another name for it?
A way of keeping raw material in circulation as long as possible without disposing of them. It is also known as ‘Cradle to Cradle’.
Make → Use → Recycle
What is a linear economy and another name for it?
When raw materials are disposed of instead of recycling. Also known as Cradle to Grave.
Take → Make → Dispose
What is Carbon Footprint?
The amount of greenhouse gas emissions released in the product’s life.
What is the ecological footprint?
The amount of physical space taken up in the product’s life.
What is Fairtrade?
an organisation that insured that workers in 3rd world countries are given sufficient pay.
