Theme 3 - 3.3 - Industry Flashcards
Remember to revise the different types of economic activity (e.g. primary)
See 3.1 - Economic Development flashcards
Why can the manufacturing industry be seen as a system?
It has inputs, processes and outputs.
Define by-product.
Something that is let over from the main production process, which has some value and therefore can be sold.
Define waste product.
A product that has no value and must be disposed of.
Define footloose industries.
Industries that are not tied to certain areas because of enery requirements or other factors.
Define industrial agglomeration.
The clustering together of economic activities in close proximity to one another.
Define industrial estate.
An area located and planned for the purpose of industrial deelopment.
Define greenfield locations.
Areas of agricultural land or some other undeveloped site earmarked for commercial development or industrial projects.
Define construction.
The occupation or industry of building.
Define manufacturing.
The making of goods.
What are inputs in terms of industry?
The elements that are required for the manufacturing process to take place.
What are processes in terms of industry?
Industrial activities that take place in the factory to makr the finished product.
What are outputs in terms of industry?
The finished product(s) that are sold to customers.
Give some examples of inputs into a manufacturing system.
- Labour
- Capital
- Raw materials
Give some examples of processes in a manufacturing system.
- Assembly
- Maintenance
- Packaging
- Transport
Give some examples of outputs in a manufacturing system.
- Product
- Profit
What is a weight-gain industry?
An industry that makes products which get heavier in the manufacturing process. E.g. Car manufacture
What is a weight-loss industry?
An industry that makes prodcuts which lose weight throughout the manufacturing process. E.g. Steelworks
What is just-in-time (JIT) manufacturing?
Industries that order parts as and when they need them. This saves on storage cost but there is a need for excellent communication with supplier.
What is just-in-case (JIC) manufacturing?
Industries that stockpile a supply of parts just in case they are needed in the production process. This increases storage costs, but ensures that they never run out of parts to manufacture.