7.2 Sectors and patterns Flashcards
1
Q
Multiplier effect
A
All the businesses in that area benefit from a large cooperation coming to that area
2
Q
Least cost theory
A
A theory on where a company should locate their factory
3
Q
Agglomeration economies
A
The spatial grouping of several businesses to share costs, such as an access road to a public highway
4
Q
Break of Bulk
A
Transferring cargo from one mode of transportation to another
5
Q
Containerization
A
Goods are loaded into a standardized shipping unit
6
Q
Footloose
A
Businesses can pack up and leave for a new location
