Industry And Services

Question 0

Location theory

Answer 0

A logical attempt to explain the locational pattern of an economic activity and the manner in which it’s producing areas are interrelated

Question 1

Industrial Revolution

Answer 1

Term applied to the social and economic changes in agriculture, commerce and manufacturing that resulted from technological innovations in the late 18th century Europe

Question 2

Variable costs

Answer 2

Costs that change directly with the amount of production

Question 3

Friction of distance

Answer 3

The increase in time and the cost that usually comes with increasing distance.

Question 4

Least cost theory

Answer 4

The location of manufacturing establishments is determined by the minimization of three critical expenses (labor, transportation and agglomeration)

Question 5

Agglomeration

Answer 5

A process involving the clustering or concentrating of people or activities

Question 6

Deglomeration

Answer 6

The process Industrial deconcentration in response to technological advances and/ or increasing costs due congestion and competition

Question 7

Locational interdependence

Answer 7

Suggests competitors, in trying to maximize sales, will seek to constrain each other’s territory as much as possible which will therefore lead them to locate adjacent to one another

Question 8

Primary industrial regions

Answer 8

Western and Central Europe; eastern North America; Russia and Ukraine; and Eastern Asia, each consist of one or more core areas of industrial development

Question 9

Break of bulk point

Answer 9

A location along a transport route where goods must be transferred from one carrier to another

Question 10

Fordist

Answer 10

A highly organized and specialized system for organized industrial production and labor

Question 11

Post-Fordist

Answer 11

World economic system characterized by a more flexible set of production practices in which goods are not mass produced.

Question 12

Just in time delivery

Answer 12

Method of inventory management made possible by efficient transportation and communication systems. when companies keep on hand what they need for need term production

Question 13

Global divisions of labor

Answer 13

Phenomenon whereby corporations and others can draw from labor markets around the world made possible by the compression of time and space through innovation

Question 14

Intermodal connections

Answer 14

Places where two or more modes of transportation meet

Question 15

Deindustrialization

Answer 15

Process by which companies move industrial jobs to other regions with cheaper labor leaving the newly deindustrialized region to switch to a service economy to work through high unemployment

Question 16

Outsourced

Answer 16

To turn over in part or in total to a third party

Question 17

Off source

Answer 17

With reference to outsource to a third party located outside of country

Question 18

Sunbelt

Answer 18

The south(west) regions of the United States

Question 19

Technopole

Answer 19

Centers or nodes of high technology research and activity around a high-technology corridor