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Break of Bulk point – A location where transfer is possible from one mode of transportation to another.
Bulk gaining industry – An industry in which the final product weighs more or comprises more volume than the inputs.
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 before 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 the lower cost of labor 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.
Post Fordist production – 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 – The location of a place relative to other places. Situation factors Location factors related to the transportation of materials into and from a factory.
Textile – A fabric made by weaving, used in making clothing
Trading bloc – A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs
One Comment
1 Thomas wrote:
this is a stupid summary, these are just vocab