Business and Design Concepts

Front

Empathizing

Back

Understanding the human needs involved.

Front

Defining

Back

Re-framing and defining the problem in human-centric ways.

Front

Ideating

Back

Creating many ideas in ideation sessions.

Front

Prototyping

Back

Adopting a hands-on approach in prototyping.

Front

Testing

Back

Developing a prototype/solution to the problem.

Front

Disposable income

Back

The amount of money that an individual or household has to spend or save after income taxes have been deducted.

Front

Fiscal policy

Back

The use of government spending and taxation to influence the economy.

Front

Licensing

Back

A formal agreement that gives a company the right to manufacture, distribute, sell, or otherwise use a product, brand, or technology owned by another company.

Front

Price discrimination

Back

A selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to.

Front

Environmental Scanning

Back

The process of gathering information about events and their relationships within an organization's internal and external environments.