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RM NOTES - Coggle Diagram
RM NOTES
INDUSTRY AND ENTERPRISE
CROWDFUNDING - a person/company seeking funding for a new product, who sets up a website page where the public can donate.
COOPERATIVES - companies that are owned by their members, who are usually their employees and customers, they have social aims as well as economic ones, reinvesting their profits into the local community.
CONTINUED IMPROVEMENT Continuous improvement is ongoing upgrading of products to continue competing in the marketplace. Such as improving staff training so that the product line is more efficient
RAPID PROTOTYPING rapid prototyping is the fast assembly of a product using 3D CAD. An example of this is 3D printing.
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FAIRTRADE - ensures realistic prices for farmers' goods, and aims to protect the rights of workers and guarantees good working conditions.
CIM CIM is Computer Integrated Manufacture. This is the complete automation of a manufacturing facility, such as a factory. CAD --> CAM --> automated storage --> automated distribution
BARCODES - barcodes are used in manufacturing on the production line, computers use them to keep track of products. - barcodes are used in distribution to keep track of the products as they are transported to shops/customers. - barcodes are used in stores as they can keep a track of how many of the product they have, making sure they have the correct supplies.
CNC CNC is Computer Numerical Control. It converts a CAD design into numbers which are used to create coordinates.
EDI EDI is Electronic Data Interchange. Companies use standardised document / file formats. Employees use the same computer system to order materials, track customer orders, control stock levels, produce invoices and to carry out accounting.
EDI's mean that data can be transferred from one branch to another and even across the world, with full confidence that the data can be accessed, edited and updated, without issues.
- reduces overall cost
- eliminates need for paper
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ICT ICT is Information Communication Technology. The internet can be used for advertisements, tele-marketing takes place over the phone to get people to pay for products, Questionnaires can be sent out to gather useful information for the product to be improved and direct mailing is used by a lot of DVD companies.
E-COMMERCE E-commerce is customers/potential customers search for products and purchase products on the internet. It is the use of ICT systems by a business, company and customers.
COPYRIGHT protects peoples' companies, organisations and creative/artistic works.
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PATENT protects a person or company that invents something new. It prevents anyone stealing your idea.
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PEOPLE, CULTURE AND SOCIETY
CONSUMER CHOICE - the decisions that consumers make with regard to products and services. The purpose in understanding the consumer choice theory is so that companies can maximise their profits and boost their company economically. Knowing what choices the consumers are going to make is vital as you need to appeal to them, otherwise they stop spending money and your economic statues deflates.
CULTURE Designers have to think about culture when designing products, as they want to maximise the amount of potential customers, and designing something that goes against peoples' culture and beliefs disclude them from the target audience, which is not what you want. Designers have to be careful with the design choices they make as sometimes you can offend people. They should try and make their designs inclusive, regardless of someones gender, race or age.
