Industry Vocab Flashcards
A location where transfer is
possible from one mode of
transportation to another.
Break-of-bulk point
An industry in which the final
product weighs more or
comprises a greater volume than
the inputs
Bulk-gaining industry
An industry in which the final
product weighs less or
comprises a lower volume than
the inputs
Bulk-reducing industry
Manufacturing based in homes
rather than in factories, most
common prior to the Industrial
Revolution.
Cottage industry
A form of mass production in
which each worker is assigned
one specific task to perform
repeatedly
Fordist production
Shipment of parts and
materials to arrive at a factory
moments before they are
needed
Just-in-time delivery
An industry for which labor
costs comprise a high
percentage of total expenses
Labor-intensive industry
A factory built by a U.S.
company in Mexico near the
U.S. border, to take advantage
of the much lower labor costs in
Mexico
Maquiladora
Transfer of some types of jobs,
especially those requiring low-
paid, less-skilled workers, from
more developed to less
developed countries
New international division of
labor
A decision by a corporation to
turn over much of the
responsibility for production to
independent suppliers
Outsourcing
Adoption by companies of
flexible work rules, such as the
allocation of workers to teams
that perform a variety of tasks
Post-Fordist production
A U.S. law that prevents a union
and a company from negotiating
a contract that requires workers
to join the union as a condition
of employment
Right-to-work law
Location factors related to the
costs of factors of production
inside a plant, such as land,
labor, and capital
Site factors
Location factors related to the
transportation of materials into
and from a factory
Situation factors
An approach typical of
traditional mass production in
which a company controls all
phases of a highly complex
production process.
Vertical integration
