Factors Contributing to Success or Failure
Launching an innovation at the right moment is crucial
timing
Sets product safety and quality benchmarks, ensuring consumer trust and investor confidence.
Standards Australia
Young's Random - Which F1 drive has the fastest lap ever recorded on a track
Max Verstappen
When did Russia join WW2
1941
Young's Random - What American rapper died in 2020
MF Doom
Consumer beliefs, values, and behaviours influence acceptance. Cultural sensitivity is essential
Historical and Cultural factors
Protects intellectual property (patents, trademarks, copyright), preventing theft of ideas and supporting investment.
IP Australia
Young's Random - When was the last major financial crisis
Global Financial Crisis 2007-2009
Choose a different question, please, if this is the last question you're in for a surprise
If the last question left, get -10,000 points
What types of decisions should a designer make before releasing a product, system and or environment on the market
Legal
Governments shape innovation through policies, subsidies, and regulations
Political Influences
Regulates finance, investments, and company operations, ensuring trading is fair and transparent.
Australian Securities and Investments Commission (ASIC)
Entrepreneurs turn ideas into ______ businesses by taking risks, managing _______, and driving innovation
successful, resources
What are the four forms of legal protection regarding a product, system and environment?
Registered Design, Patent, Trademark, Copyright
Young's Random - which of the following is not a main key business function
A - Marketing
B - Finance
C - Human Resources
D - Promotion
D - Promotion
Strong economies encourage spending on new products, while recessions limit consumer demand
Economic factors
Enforces consumer rights, fair trading, and product safety laws.
Australian Competition and Consumer Commission (ACCC)
Young's Random - what language is Mr Young's tattoo on his left arm
hebrew
What family is a cello a part of
Violin/Strings Family
Responsible handling of ______ data, sustainability, and fair _____ of workers.
consumer, treatment
A good product must be marketed effectively
Marketing Strategies
Provides advice, government links, and networking to support start-ups.
Small Business Council
Entrepreneurial activity links ______ with the economy, driving new industries, jobs, and _______.
innovation, products
Finish the song - La-la-la-lava ch-ch-ch-chicken
Steve's Lava Chicken, yeah, it's tasty as hell
Ooh, mamacita, now you're ringing the bell
Crispy and ____, now you're having a snack
Ooh, super _____, it's a lava attack
juicy, spicy
Young's Random - Nothing, you get only 200 points from this
200 points from this only