Topic 4 Flashcards

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1
Q

What is popular culture?

A

The music, dances, movies, performances, art and other forms of expressive media enjoyed by a society.

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2
Q

What are smart homes?

A

Homes supplied with internet-connected lighting, heating and other electronic devices.

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3
Q

What is gig-economy?

A

Labour market in which individuals and organizations exchange short-term/task-based services using digital platforms.

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4
Q

What is subculture?

A

Smaller culture groups that exist within a larger culture.

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5
Q

What is the youth culture?

A

The culture and social norms of teenagers and young adults.

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6
Q

What are online communities?

A

A group of people united by a shared interest who use a digital tool to communicate with each other.

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7
Q

What is fluidity?

A

The ease with which can join/leave digital subcultures.

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8
Q

What is radicalization?

A

The use of the internet to share ideas and resources that are radically different to those in mainstream society.

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9
Q

What is diversification?

A

It is when a company enters into a new market industry.

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10
Q

What is horizontal diversification?

A

Is when a business adds on products or services that are complementary to their core business.

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11
Q

What is conglomerate diversification?

A

When a business adds new products that are completely seperate from their existing operations.

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12
Q

What is vertical diversification?

A

When a business takes over a new part of their supply or production chain.

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13
Q

What is concentric diversification?

A

When a business adjusts their existing products lines to meet a wider customer audience.

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14
Q

What is Inclusive?

A

In business this refers to an enviroment in which people of all backgrounds feel valued, safe and respected.

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15
Q

What is discriminate?

A

The unjust treatment of people based on gender, social identity, race or disability.

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16
Q

What is a psychometric survey?

A

It is a survey designed to measure an individual’s mental capabilities and behavioural style.

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17
Q

What is a digital nomad?

A

A person who works remotely and is not tied down to any particular location.

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18
Q

What is crowdsourcing?

A

Collecting ideas from the internet.

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19
Q

What is crowd funding?

A

Collecting money over the internet to support start-ups, charities, and other causes.

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20
Q

What is microwork?

A

Short term projects completed quickly for payment.

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21
Q

What is sharing economy?

A

Assets that are shared between individuals.

22
Q

What is Gamification?

A

Applying elements of a game playing to other activities to encourage participation or efficiency.

23
Q

What is e-commerce?

A

The buying and selling of goods and services online.

24
Q

What is a brick and mortar store?

A

A retail outlet with a physical building.

25
Q

What is a brick and mortar store?

A

A retail outlet with a physical building.

26
Q

What is a online market place?

A

A digital platform that allows individual sellers and buyers to trade.

27
Q

What is E trading?

A

The trading of financial products such as stocks, bonds, or other assets online.

28
Q

What is microtargetting?

A

Is the strategy of using consumer data and information to create personalized content and advertisements

29
Q

What is crypto currency?

A

A digital currency that uses blockchain technology to create a decentralized encrypted ledger.

30
Q

What is cashless society?

A

A society in which all transactions are carried out electronically.

31
Q

What is micro-transactions?

A

The purchase of virtual goods for small sums of money in games/apps.

32
Q

What is a loot box?

A

A virtual consumable that contains a mystery item. These can be purchased or won in games/apps.

33
Q

What is additive manafacturing?

A

Adds raw materials, layer by layer to build an object or product, as in 3D printing.

34
Q

What is Subtractive manafacturing?

A

Creating an object by cutting or carving a larger material into the desired shape.

35
Q

What is borderless selling?

A

The process of selling goods across national borders.

36
Q

What is global sourcing?

A

Buying materials, goods and services from all over the world.

37
Q

What is offshoring?

A

The practice of moving corporate operations overseas.

38
Q

What is outsourcing?

A

The practice of moving corporate operations to another company.

39
Q

What is reshoring?

A

The practice of bringing back previously outsourced jobs back from overseas.

40
Q

What is near sourcing?

A

The practice of establishing operations as close to where the end products are sold as possible.

41
Q

What is in sourcing?

A

The practice of finding existing employees to complete a task rather than outsourcing it.

42
Q

What is biodiversity?

A

The variety in animal and plant life in a particular ecosystem.

43
Q

What is an ecosystem?

A

It is a community of living organisms and the physical enviroment they live in.

44
Q

What is E-waste service?

A

A business that collects out of date electronic devices and sorts them into recycbalbe and non-recyclable elements.

45
Q

What is Planned obsolescence?

A

It is the development of products with intentionally short lifespans so that companies can get repeated sales as devices are replaced or upgraded.

46
Q

What is a carbon footprint?

A

The total greenhouse gas emissions caused by a person, place or product.

47
Q

What is infrastructure?

A

The structure and facilities, such as roads, buildings or power supply, that allow a place to operate effectively.

48
Q

What is distribution?

A

The movement of products from farmers and growers to customers.

49
Q

What is transhumanism?

A

A movement that aims to use technology to evolve and augment the human experience.

50
Q
A