Unit 5 (changes as a result of the world economy *2) Flashcards

1
Q

Fordist method of production

A

Production process took place in one location (pretty much an assembly line)

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2
Q

Post-Fordist method of production

A
  • Flexible production (different components of production occur in different places)
  • Just-in-time delivery (companies order raw materials after seeing the demand of the product)
  • Outsourcing (companies hiring other companies to be responsible for a certain activity)
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