Product Prices
Which part of a product price goes to the company as profit?
Company profit
What does a value chain show from the start to the final product?
Raw materials
what is the first country to start the industrial revolution
England
Which technology helps machines learn and make decisions?
Artificial intelligence
Which type of energy is expected to grow in the future?
Renewable energy
Which cost is for workers who make the product?
Labor
A t-shirt starts as fibre and ends where?
shop
Railways and steel were important in which wave?
Second wave
What are devices called when they are connected to the internet?
Internet of Things (IoT)?
Which types of jobs will robots and machines do?
Simple jobs, such as factory work, cleaning, or basic assembly tasks
Which cost is for advertising and selling the product?
Marketing
People pay more for products from a well-known what?
Brand
Electricity and engines were part of which wave?
Third wave
Which technology works with very small, molecular-level structures?
Nanotechnology
Which jobs need humans and are hard to replace?
Healthcare and teaching
Which costs are spent on making the product and research?
Materials and research
Which technology lets companies track and care for products?
Internet of Things
Digital technology and biotechnology belong to which wave?
Fifth wave
What is lab-grown meat from animal cells called?
Artificial meat
Economies in countries like India and Nigeria are expected to do what?
Grow
How should the price compare to other similar products?
Competitive
What does each step in the value chain add to the product?
Value
Today’s wave uses AI, nanotechnology, and clean energy. Which wave is this?
Sixth wave
What technology allows products to be made from digital models, sometimes even living tissue?
3D printing
What is expected to happen to poverty and hunger?
Decrease