DT Topic 10

Gender, Age, Nationality, Financial, Size, Weight

Affordability, USP, Quality

Making sure the quality of the product meets expectations and is of good quality

Increasing sales of existing products to existing customers; by lowering prices / promotion / improving distribution

Introducing existing products to new markets; to increase sales / market share

Cost effective/affordable. Consumer and as a manufacturer

The collection of raw data outside a laboratory, library, or workplace setting.

JIT (Just in Time) Products are only made when needed. Advantages are: waste reduction, improved efficiency and reduces obsolete inventory.

Disadvantages are: Difficult to forecast future demands, risk of supply chain disruption, unexpected price changes

Products are made in larger quantities and sold when needed.

Advantages are: Less risk of lost sales, better supply rate, more marketing opportunities

Disadvantages are: Slowed growth, needs extra storage, cash flow challenges

a framework that focuses on three key aspects of performance - social, environmental and financial

The physical and the tactile, derived or enjoyed through the senses. It is smell, touch, feel, taste and sense