14.01-14.04 Production, Consumption and Trade [ARCHIVE] Flashcards
Where was the main area of production 100 years ago?
The UK, Ruhr Valley of Germany and the north-east of USA
Where is all of the worlds manufacturing taking place now?
All production takes place in low- labour countries of East and South-East Asia and in South America
Why has the production of of goods changed over time?
- Technological change
- Rising living standards
- Emerging global companies (Temu, Nike)
- Moving product made cheap in Asia
- New ways of organising firms
How does locating specific production hep businesses?
It lets them allocate production in a part of the world and their marketing, decision on making and product development in another
How have developments in technology helped big companies?
It let them locate each of their functions in different parts of the word
What are the two forces that shape geography of production globally?
- Forces of concentration made by specialisation of business functions
- Forces promoting spreading of a companies operations globally
Where are science and technology based companies located?
These companies tend to cluster near particular cities and regions (Eg: Silicon Valley)
What is the point of companies locating close to each other?
These firms can share the latest technology and form networks with related businesses
What other type of business tends to cluster?
Retail (Eg: Target)
How does clustering benefit the retail industry?
It brings more customers because it saves them money and time shopping
Where do retail shops cluster?
They cluster into shopping districts and large planned shopping centres
Why does being located near a supplier of raw materials matter?
It makes it easier for companies to make and find parts for their products
Where is Auto industry located?
Its clustered in southern China (Guangdong), Southern Japan, Detroit and Toronto.
What industry was Australia known for during the World War II industrulisation?
Whitegoods, automobiles, textiles, garments and chemicals
WHich industry was loca
