1.3.1 Product

Question 1

What is a product?

Answer 1

The good or service that a business produces to meet the needs of its costumers

Question 2

What are the 4 most important factors in a product?

Answer 2

• Reliability
• Quantity
• Design
• Image

Question 3

The design mix

Answer 3

• Function
• Aesthetics
• Cost

Question 4

Designing for waste minimisation

Answer 4

Firms are under increasing pressure to design products that minimise waste

Question 5

Ethical sourcing

Answer 5

Ethical sourcing means that businesses only use materials and services that respect the environment and treat their workforce well by paying them a fair wage

Question 6

Pros of the impact of waste minimisation

Answer 6

• You can save money through more efficient use of raw materials, packaging and technology
• It allows you to cut your waste disposal costs

Question 7

Cons of the impact of waste minimisation

Answer 7

• Business may need to redesign products and production methods

Question 8

Pros of the impact of ethical sourcing

Answer 8

• Used to market the business and build trust in brand
• Ethical produce is a growing market, so can help attract investors
• Sourcing ethically also helps motivate staff and promote loyalty
• Prevents future problems

Question 9

Cons of the impact of ethical sourcing

Answer 9

• Findings ethical suppliers and enforcing strict regulations
• Consuming difficult to manage + costly
• Production costs are increased