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what does the term "enterprise" mean
enterprise is the ability to identify business opportunities and take advantage of them. successful businesses are those that are innovative and can adapt to change quickly.
what does crowdfunding offer?
crowdfunding offers individuals or businesses to promote an idea on a platform such as websites, then people can choose to invest money in projects they like
what are cooperatives?
a business that is owned and run by its workers or members
where are cooperatives based?
usually based around local communities but they can also be large businesses such as the nationwide building society
what does fair trade ensure?
ensures that farmers in lower income countries get a fair price for their produce so that thye can provide for their families
what is automation?
Automation involves the use of automatic equipment in manufacturing
when was automation first developed
first developed and used on a large scale during the industrial revolution to help meet increased demand for manufactured goods
what are the positives of automation?
even though the cost of automated equipment is high, it can improve productivity enabling manufactured to create high quality products quickly and cheaply
what are the different types of programmes that can be programmed in automation?
welding, assembling parts, painting, labelling and packaging
what are the advantages of automation and robotics?
-increase efficiency and productivity, fewer errors and greater accuracy, limited human input, reducing labour costs, the ability to perform work that is otherwise dangerous for humans
what does CAM stand for?
Computer Aided Manufacturing
what does CAD stand for?
Computer Aided Design
what does CNC stand for?
Computer Numerical Control
what do CAD and CAM used for?
to design and manufacture products, they both have helped transition from product design to product manufacture and have greatly affected workplace efficiency
what does CAD do?
-allows users to draw, design and model products using specialist software, designers can create both 2D and 3D models and manipulate their designs to test different ideas before manufacture
what are some examples of CAD?
autoCAD, solidworks, 2D design
what does CAM do?
-used CNC to create CAD designs. CAD softwares creates the 3D coordinates of every point of the design and the CAM machine then interprets the coordinates to manufacture the design
what are some examples of CAM?
laser cutters, 3D printers, CNC routers and CNC lathes
what are the advantages of CAD?
-more accurate than hand drawings
-enables designs to be extensively amended and tested before production
-allows several designers to work on the same project simultaneously
-offers views of 3D models from all angles
what are the advantages of CAM?
-high level of accuracy
-increase the speed and efficiency of the production process
-products can be manufactured directly from CAD files
-can operate 24 hours a day
what are the disadvantages of CAM?
-expensive equipment
-requires maintenance
-replaces human workforce
what are the disadvantages of CAD?
-can be difficult to learn
-can require large amounts of memory
-expensive software
what does FMS stand for?
flexible manufacturing system
what does FMS consist of?
consists of CNC machines that work alongside a production line
which production is FMS good for?
its ideal for batch production and allowed manufactures to adapt quickly to consumers changing needs by altering product design
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