Building off what you learned about circular economies, let’s think through the process of building a small section of one. Choose a company or industry (ex. Just a farm or more specific, a mushroom farm)Try to make a chain by going forward – what is an example of waste created by your company? What type of industry or company might be able to use it as an input? (ex. Mushroom farms create a lot of spent organic material once the mushrooms are done growing. A company that sells bags of garden soil and compost could use that material to make its product)Add to your chain by going backwards – what is an example of an input needed by your company? What type of industry or company might create that as waste? (ex. Mushroom farms use sawdust and wood chips to grow mushrooms on. A company that makes wood furniture could send its wasted wood material to the mushroom farm)

The objective of the question is to understand the concept of a circular economy and apply it to a…

Answered: Building off what you learned about…

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter1: Exploring The World Of Business And Economics

Section: Chapter Questions

Problem 16CC

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Question

Building off what you learned about circular economies, let’s think through the process of building a small section of one. Choose a company or industry (ex. Just a farm or more specific, a mushroom farm)

Try to make a chain by going forward – what is an example of waste created by your company? What type of industry or company might be able to use it as an input? (ex. Mushroom farms create a lot of spent organic material once the mushrooms are done growing. A company that sells bags of garden soil and compost could use that material to make its product)
Add to your chain by going backwards – what is an example of an input needed by your company? What type of industry or company might create that as waste? (ex. Mushroom farms use sawdust and wood chips to grow mushrooms on. A company that makes wood furniture could send its wasted wood material to the mushroom farm)

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