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15 Cards in this Set
- Front
- Back
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Break-of-bulk point
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a location where transfer among transportation modes is possible
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Bulk-gaining industry
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Makes something that gains volume or weight during production.
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Bulk-reducing industry
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an economic activity in which the final product weighs less than its inputs
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Cottage industry
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manufacturing based in homes rather than factories, commonly found before the industrial revolution
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Fordist
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mass production
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Industrial revolution
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the collective invention of hundreds of mechanical devices
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Labor-intensive industry
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wages and other compensation paid to employees constitute a high percentage of expenses
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Maquiladora
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to receive pay for grinding or processing corn
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New international division of labor
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the selective transferof some jobs to LDC's is known
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Outsourcing
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turning over much of the responsibility for production to independent suppliers
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Post-Fordist
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flexible production, unlike Fordist production
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Right-to-work laws
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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
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Site Factors
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location factors related to the cost of factors of production inside the plant, such as land, labor, and capital
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Situation factors
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location factors related to the transportation of materials into and from a factory
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Textile
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a fabric made by weaving, used in making cloth
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