chapter eleven - industry Flashcards
break of bulk point
a location where transfer is possible from one mode of transportation to another.
companies use multiple transportation nodes here.
(ie: safeway and its suppliers)
bulk-gaining industry
an industry in which the final product weighs more or comprises a greater volume than the inputs.
(p.352) to minimize transportation costs, (ex) bottlers can minimize cost by producing soft drinks near consumers instead of shipping water.
(ie : coke or pepsi)
bulk-reducing industry
an industry in which the final product weighs less or comprises a lower volume than the inputs.
(p. 350) to minimize transport costs, the [br] industry needs to locate near its source of inputs.
(ie: copper b/c weight)
cottage industry
manufacturing based in homes rather than in a factory, commonly found prior to the industrial revolution.
(p. 345) prior to industrial revolution.
(ie: making fabric, pottery etc.)
fordist produciton
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.
(p.345) creations that changed the world such as : trains, boats.
labor-intensive industry
an industry for which labor costs comprise a high percentage of total expenses.hard.
macquiladora
factories built by u.s companies in mexico near the u.s border to take advantage of much lower labor costs in mexico.
new international divisions 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 team that perform a variety of tasks.
spread out (ie: designs in asia, building in africa, ideas in us)
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.
union
a group of workers in a company that is organized big enough to go against the company.
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.
a firm seeks a location that minimizes the cost of transporting inputs to the factory.
