Chapter 11: Industry Flashcards
(15 cards)
Bulk-gaining industry
an industry in which the final product weighs more or comprises a greater volume than the inputs
break-of-bulk point
a location where transfer is possible from one mode of transportation to another
Bulk reducing industry
an industry in which the final product weighs less or comprises a lower volume than the inputs
cottage industry
manufacturing based in homes rather than in a factory, commonly found prior to the Industrial Revolution
Fordist Production
form of mass production in which each worker is assigned one specific task to perform repeatedly
industrial revolution
a series of improvements in industrial technology that transformed the process of manufacturing goods
labor-intensive industry
an industry for which labor costs comprise a high percentage of total expenses
maquiladora
factories built by U.S. companies in Mexico near the U.S. border, to take advantage of much lower labor costs in Mexico
New International Division of Labor
Transfer of some types of jobs, especially those requiring low-paid, less skilled workers, from more developed to less developed countries
outsourcing
a decision by a corporation to turn over much of the responsibility for production to independent suppliers
post-fordist
adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks
Right-to-work state
a U.S. state that has passed a law preventing a union and company from negotiating a contract that requires workers to join a union as a condition of employment
Site factors
location factors related to the costs of factors of production inside the plant, such as land, labor, and capital.
Situation factors
location factors related to the transportation of material into and from a factory
textile
a fabric made by weaving, used in making cloth
