Industry and Services

Question 1

Post-Fordist Production

Answer 1

Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.

Question 2

Break-of-bulk point

Answer 2

A location where large shipments of goods are broken up into smaller containers for delivery to local markets.

Question 3

Containerization

Answer 3

Process of combining several unitized loads into a single, well-protected load for shipment.

Question 4

economies of scale

Answer 4

a proportionate saving in costs gained by an increased level of production.

Question 5

export processing zones (EPZs)

Answer 5

zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment

Question 6

least-cost theory (Weber)

Answer 6

-Tries to explain and predict the locational pattern of the industry at a macro-scale. It emphasizes that firms seek a site of minimum transport and labor cost

Question 7

Agglomeration

Answer 7

A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities.

Question 8

multiplier effect

Answer 8

An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent.

Question 9

technopoles

Answer 9

area planned for high technology where agglomeration built on a synergy among technological companies occurs.

Question 10

Just-in-time delivery

Answer 10

Shipment of parts and materials to arrive at a factory moments before they are needed

Question 11

Post-Fordist Production

Answer 11

Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.

Question 12

Break-of-bulk point

Answer 12

A location where large shipments of goods are broken up into smaller containers for delivery to local markets.

Question 13

Containerization

Answer 13

Process of combining several unitized loads into a single, well-protected load for shipment.

Question 14

economies of scale

Answer 14

a proportionate saving in costs gained by an increased level of production.

Question 15

export processing zones (EPZs)

Answer 15

zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment

Question 16

least-cost theory (Weber)

Answer 16

-Tries to explain and predict the locational pattern of the industry at a macro-scale. It emphasizes that firms seek a site of minimum transport and labor cost

Question 17

Agglomeration

Answer 17

A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities.

Question 18

multiplier effect

Answer 18

An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent.

Question 19

technopoles

Answer 19

area planned for high technology where agglomeration built on a synergy among technological companies occurs.

Question 20

Just-in-time delivery

Answer 20

Shipment of parts and materials to arrive at a factory moments before they are needed