ACCA Applied Knowledge · Business and Technology · Sustainable business practices
A company reduces packaging so that used materials are collected, reprocessed and fed back into production rather than being discarded after one use. Which concept does this describe?
This describes a circular economy, where products and materials are reused, recycled or remanufactured so waste is minimised and resources stay in productive use. It contrasts with the linear take-make-dispose model, in which materials are discarded after a single use.
- ACircular economyCorrect
- BLinear economy
- CPlanned obsolescence
- DJust-in-time inventory
Explanation
A circular economy keeps materials in use through reuse, recycling and remanufacture, minimising waste. A linear economy is the take-make-dispose model, which is the opposite. Planned obsolescence and JIT are unrelated to recovering materials.
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