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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 is possible from one mode of transportation to another
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BULK-GAINING INDUSTRY
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an industry in which the final output weighs more
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BULK-REDUCING INDUSTRY
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an industry in wich the final product weighs less or comprises a greater volume than the inputs
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COTTAGE INDUSTRY
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manufacturing based in homes rather than in a factory, commonly found before the industrian revolution
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FORDIST
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form of mass production in which each worker is assigned one speific task to perform repeatedly
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INDUSTRIAL REVOLUTION
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a series of improvements in industrial technology that transformed the process of manufacturing goods
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LABOR-INTENSIVE INDUSTRY
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an industry for which labor costs comprise a high percentage of total expenses
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MAQUILADORA
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factories built by US companies in mexico near the US border, to take advantage of much lower labor costs in mexico
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NEW INTERNATIONAL DIVISION OF LABOR
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transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries
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POST-FORDIST
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adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks
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RIGHT-TO-WORK STATE
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a US 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 costs 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 clothing
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TRADING BLOC
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a group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs
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