Industry Flashcards
1
Q
what are inputs
A
resources that need to start the process can be physical.
2
Q
what are processes
A
turning raw materials into usable things.
3
Q
what are outputs
A
product + profit or loss + waste materials
4
Q
4 types of industry
A
- manufacturing - producing goods that are physically used
- processing - turning raw materials into other materials
- assembly - using materials and a design scheme to put together a product
- high technology - specialised research that mostly do research but have small sections dedicated to the 3 other industry types
5
Q
9 factors affecting location of industry
A
- raw materials
- transport
- new technology
- availability of markets
- government policies
- cost of land
- money
- labour
- energy supply
6
Q
case study: silicon valley general facts
A
- northern california
- global centre for high technology
7
Q
silicon valley 5 reasons for location
A
- surrounding area has a lot of universities, government research centers and commercial labs –> wide range of skilled workers
- as it is actually in a valley, climate is very mild, making it easier to develop
- as it’s a hub for high-tech companies, the region attracts a lot of venture captial
- multiple high-tech industries in one area
- offers easy access to the free flow of vital information which attracts many major companies e.g. apple
