year 10 mock Flashcards
what is crowdfunding ?
generates the funds necessary to invest in product development and launch.
what des crowdfunding involve?
creating a product page with details of the product, cost, estimated release date and what investors the project will receive.
advantages to being a cooperative
- less taxation
- funding opportunities often offered by governments
- reduced cost of services to members
- perpetual existence as there is likely to be less disruption and more continuity
- democratic organisation where members have a say in the running of the business.
disadvantages to being a cooperative
- Capital is obtained by investors rather than banks.
* Lack of member and participation. If members do not participate the business cannot operate at full capacity.
what are the 6 r’s
Reduce, reuse, rethink, recycle, repair, refuse
fossil fuels
coal
mined from the ground, dangerous process. Used as a fuel
fossil fuels
oil
found in underground reservoirs that are drilled into to reach the oil then pumped out. Used fuel for cars and other transport, used to make plastic. Running out because of the high demand.
fossil fuels
gas
also trapped in reservoirs underground. delivered to our homes for us to heat food or central heating systems.
name 3 renewable sources of energy
wind power
solar power
tidal power
hydro-electrical power
uses gravitational force to drive water downhill from the dam or reservoir where the force of the water drives a turbine which generates electrical power
geothermal power
energy within the earth. They need high temperatures that come from dry steam or hot water wells in the earth.
biomass
plant and animal based materials that can be burnt to produce energy. These might included wood, straw, poultry litter and waste energy crops.
carton boards
cereal boxes, drink cartons, packaging for electrical goods.
foil backed card
take out food containers. A little insulation and water resistance and wipe the surface.
foam board
architectural models. 2 outer layers of card and foam in the middle.