Wednesday 29 May 2013

Economic Consideration

When Designing a product costs must be carefully considered. The materials and Social costs will affect the profit generated. The cost of the product to buy and how much the manufacturer gains is called the net profit. The actual profit the manufacturer makes once materials, shipping, packaging and the actual creation of the product have been taken into account is called the gross profit. 

Planned Obsolescence
This is building in faults and purposefully decreasing how long the product will work efficiently in the interest of gaining profit. This ensures the product only has a limited time where it is fully functional designed to match the time when it might go out of fashion. This means the consumer is forced to buy a new one perhaps the latest model and the manufacturer generates more profit. This is continually done with phones and very notably present in companies like Apple forcing us to pay for a new model.

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