Chapter 11 Flashcards

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1
Q

Phenomenon of economic activity congregating and or close to a single location, rather than being spread out uniformly across space.

A

Agglomeration

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2
Q

Arrangement of tools, machines, and workers in which a product is assembled by having each perform a specific successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line

A

Assembly-line

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3
Q

Point of location where transfer among transportation modes is is possible

A

Break of bulk point

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4
Q

Industry that makes something that gain volume or wait during production

A

Bulk gaining industry

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5
Q

Wealth, whether in money or property, owned or employed in a business by an individual, firm, or corporation

A

Capital

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6
Q

Homebase to manufacturing and example of this is textile manufacturing

A

Cottage industry

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7
Q

Highly organized and special I system for organizing industrial production and labor. Named after automobile Producer Henry Ford, Fordist production features assembly-line production of standardized components for mass consumption, where each worker is assigned one specific task to perform repeatedly

A

Fordist

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8
Q

World economic system characterized by a more flexible set of production practices with specialized products in which goods are not mass produced; instead, production has been accelerated and dispersed around the globe by multinational companies that shift production, outsourcing it around the world and bringing places closer together in time and space then would have been imaginable and the beginning of the 20th century

A

Post Fordist

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9
Q

Revolution that transformed how goods are produced for society and the way people obtain food, clothing, and shelter.

A

Industrial revolution

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10
Q

Type of industry in which labor cost is A high percentage of expense

A

Labor-intensive

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11
Q

Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimize Asian of three critical expensive labor, transportation, and agglomeration

A

Least cost theory

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12
Q

A logical attempt to explain the locational pattern of an economic activity and manner in which it is producing areas are interrelated the agricultural location theory contained in the von Thunen model is a leading example

A

Location theory

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13
Q

A decision by a corporation to turn over much of the responsibility for production to independent suppliers

A

Out sourcing

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14
Q

Characteristics that result from the unique characteristics of a location, such as land, labor, and capital.

A

Site factors

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15
Q

Characteristic that involve transporting materials to and from a factory

A

Situation factors

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16
Q

Fabric made by weaving, used in making clothing

A

Textile

17
Q

Creator of the model that states that the optimum location of a manufacturing firm is explained in the terms of cost minimization

A

Weber, Alfred

18
Q

State that has prevented a union or company from negotiating a contract that requires workers to join a union as a condition of employment

A

Right to work state

19
Q

Type of industrial competition in which the countries within a group cooperate through trade, and these groups compete against the other two (there are three in total)

A

Trading bloc

20
Q

Transfer of some types of jobs, especially those requiring low skilled workers, from more developed to less developed countries

A

New international division of labor

21
Q

Lower production cost as a result of larger volume of production

A

Economies of scale

22
Q

Companies keep it on hand adjust what supplies they need for near-term production

A

Just in time delivery