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40 Cards in this Set
- Front
- Back
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Fordist |
A form of mass production in which each worker is assigned one specific task to perform repeatedly mostly on an assembly line |
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Post fordist |
Adoption of companies of flexible work rules, such as allocation of workers to team that performs a variety of tasks |
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Textiles |
Cloth used to make clothing |
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Right to work laws |
Laws preventing a union and a company from negotiating a contract that requires workers to join a union as a condition of employment |
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Maquiladora |
A factory in Mexico that is owned by a transnational corporation |
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Break of bulk points |
Parts of a transportation route where the method of transportation changes |
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Webers least cost theory |
Ovation of manufacturing establishments is determined by the minimization of three critical expenses ; labor, transportation, and agglomeration |
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Cottage industry |
Manufacturing in peoples homes |
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Central place theory |
A model that calculates the potential customer base and the likelihood they will use a specific service |
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Agglomeration |
When businesses arise in a similar place and that mutually benefit eachother |
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Deglomeration |
The over saturation of an industry |
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Non basic industry |
Industries that sell their products primarily to consumers in the community |
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Central business district |
The downtown or nucleus of a city where retail stores, offices, and cultural activities are concentrated |
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Basic industry |
Industries that sell their products or services primarily to consumers outside their settlement |
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Service center |
Businesses that develop to provide services for people |
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Footloose industry |
An industry that can be placed anywhere |
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Cumulative causation |
One singular action has many different effects that can both be positive or negative to a place in the economy |
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Outsourcing |
The shipping of jobs to places with cheap labor |
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Multiplier effect |
When one industry leads to the creation of new industries |
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Trucking |
Form of transportation with terminal cost, high line cost, and high route flexibility |
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Fixed cost |
An activity cost (as of investment in Poland, plants, and equipment) that must be met without regard to the level of output |
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Variable costs |
A cost of enterprise and operation that varies either by output level or by location of the activity |
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Carrier efficiency |
The ratio of output to input for a given carrier |
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Value added |
The gross value of the product minus the cost of raw materials and energy |
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Dependent centers |
Fourth level cities that provide relatively unskilled jobs and depend for their economic health on decisions made in the higher level cities |
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Lower order service |
Services that are obtained on a regular basis and require a small area to be profitable |
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Higher order service |
Service that is required less frequently and requires a large market area to remain profitable |
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ISO (intermodel) container |
A standardized reusable steel box used for the safe,efficient and secure storage and movement of materials and products within a global containerized intermodal freight transport system |
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Ubiquitous business |
Being present everywhere at once |
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Bulk gaining industry |
An industry where the final product weighs more volume than the inputs |
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Bulk reducing industry |
Industry where the final product weighs less of a lower volume than the inputs |
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Just in time delivery |
Seeks to reduce inventories for production process by buying inputs for arrival just in time to use and sell |
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Labor intensive industry |
An industry where a high percentage of the overhead costs are consumed by paying employees |
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Deindustrialization |
A process of sociopolitical change in an areas economy in which industrial capacity and activity declines, to be replaced by information based businesses |
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Economy of scale |
The cost advantages that a businesses gains due to expansion |
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Site factors |
Three economic factors based on the location of a factory; land labor and capital |
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Situation factors |
Economic factors considering the transportation of raw materials and products to and from a factory, concerning costs and methods |
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New international division of labor |
A spatial division of labor, caused by globalization, in which industries relocates from MDCs to LDCs due to the low labor costs in LDCs |
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Entrepot |
A trading center, where merchandise can be imported and exported without paying important duties |
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Threshold |
The maximum/minimum market possible/needed to support the supply of a product or service |
