Chapter 11 Vocab 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 US companies in Mexico near the US 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 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 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.
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 materials into and from a factory.
Textile
A fabric made by weaving used in making clothing.
