Chapter 11 Flashcards
(21 cards)
Manufacturing bases in homes rather than factories, commonly found prior to industrial revolution
Cottage industry
A series of improvements in industrial technology that transformed the process of manufacturing goods
Industrial revolution
Location factors related to the transportation of materials into and from a factory
Situation factors
Location factors related to the costs of factors of production inside a plant, such as land, labor, and capital
Site factors
An industry in which the final product weighs less or comprises a lower volume than input
Bulk reducing industry
An industry in which the final product weighs more or comprises a greater volume than the inputs
Bulk gaining industry
Manufactures that produce goods for one type of market
Single market manufacturers
A location where transfer is possible from one mode of transportation to another
Break of bulk point
An industry for which labor costs comprises a high percentage of total expenses
Labor intensive industry
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing (money)
Capital
A fabric made by weaving, used in making clothing
Textile
A U.S. Law that prevents a union and a company from negotiating a contract that requires workers to join the union as a condition of employment
Right to work law
Transfer of some types of jobs, especially those requiring low paid, less skilled workers, from more devolved to less developed countries
New international division of labor
A decision by a corporation to turn over much of the responsibly for production to independent suppliers
Outsourcing
An approach typical of traditional mass production in which a company controls all phases of a highly complex production process
Vertical integration
A factory built by a U.S. Company in Mexico near the U.S. Border, to take advantage of the much lower labor costs in Mexico
Maquiladoras
Brazil, Russia, India, China, South Africa- acronym to describe the 5 country’s economy and how their economy’s will soon become dominant by 2050
BRICS
A form of mass production in which each each worker worker is assigned one sordid task to perform repeatedly
Fordist production
Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform variety of tasks
Post-fordist production
Shipment of parts and materials to arrive at a factory before they are needed
Just-in-time delivery
A specific type of free trade zone, set up generally in developing countries by their governments to promote industrial and commercial exports
Export Processing Zone (EPZs)
