Product Life Cycle and Carbon Footprint
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Questions and Answers

What is the primary purpose of Life Cycle Assessment (LCA)?

  • To determine the cost of a project
  • To identify business opportunities
  • To evaluate the environmental impact of a product or service (correct)
  • To create a marketing strategy
  • Life Cycle Assessment (LCA) is only used for environmental projects.

    False

    What is the name of the company that is planning to use 3D printing to create lab-grown chicken?

    KFC

    The article 'Green isn't always good' was published by the _______________________ in 2020.

    <p>World Economic Forum</p> Signup and view all the answers

    Match the following benefits of Life Cycle Assessment (LCA) with their descriptions:

    <p>Environmental benefits = To reduce pollution and environmental impacts Economic benefits = To increase profitability and reduce costs Social benefits = To improve health and well-being of communities</p> Signup and view all the answers

    What is the main goal of Green Projects?

    <p>To reduce environmental impacts</p> Signup and view all the answers

    Life Cycle Assessment (LCA) is a tool used only for environmental management.

    <p>False</p> Signup and view all the answers

    What is the name of the journal that published the article 'Life cycle Assessment as Entrepreneurial tool for business management and green innovation'?

    <p>Journal of Technology Management &amp; Innovation</p> Signup and view all the answers

    The World Economic Forum published an article titled 'Given the ugly plants a chance' in _______________________.

    <p>2020</p> Signup and view all the answers

    Study Notes

    Economic Factors

    • Economic factors are of a qualitative and quantitative character.
    • The first group of economic factors includes fiscal and monetary policies.
    • The second group of economic factors includes variables such as:
    • Gross Domestic Product (GDP)
    • Unemployment rate
    • Price index (Inflation)
    • Value of the country's reserves
    • Foreign trade
    • Domestic and Foreign Debt
    • Infrastructure and Natural Resources
    • Index of Economic Freedom

    Political Factors

    • Governance involves complex mechanisms, processes, and institutions that enable people to articulate their interests, resolve differences, exercise their rights and obligations, and manage their legal and personal responsibilities.
    • Governance is a critical factor in eradicating poverty and promoting development.
    • Variables of qualitative aspects of political factors include:
    • Governance
    • Transparency
    • Corruption
    • Democracy

    Social Factors

    • Qualitative social factors include:
    • Social security
    • Personal safety
    • Efficiency in the administration of justice
    • Quantitative social factors include indices of:
    • Human Development
    • Gini (Income inequality among citizens)
    • Poverty
    • Violence
    • Quality of Life
    • Trust
    • Proportion of Social Spending

    Social Projects

    • A social project arises as a strategy to address social imbalances in a population.
    • Characteristics of a social project include:
    • Participation
    • Parties interested and committed to supporting and helping a community or society

    Environmental Factors

    • Life Cycle Assessment (LCA) is a method to evaluate the environmental impact of a product, service, or event throughout its entire life cycle.
    • The carbon footprint is the total amount of CO2 and other greenhouse gases emitted during the entire life cycle of a product, service, or event.
    • Water footprint is the amount of water used during the entire life cycle of a product, service, or event.
    • LCA analyzes the total environmental impact, including:
    • Greenhouse gases
    • Water use
    • Solid and liquid pollutants
    • Waste generation
    • Ecosystem quality
    • Human health

    Benefits and Applications of LCA

    • LCA supports decision-making in sustainable product development and process improvement.
    • LCA helps to:
    • Compare alternatives and processes
    • Improve environmental and social performance
    • Contribute to decision-making
    • Develop eco-friendly products and services
    • Formulate green marketing strategies

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    Description

    This quiz covers the energy required to recycle and dispose of products, as well as the carbon footprint of a product throughout its entire life cycle, including manufacturing, packaging, and distribution.

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