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Flashcards in Chapter 11 Deck (22)
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1

Phenomenon of economic activity congregating and or close to a single location, rather than being spread out uniformly across space.

Agglomeration

2

Arrangement of tools, machines, and workers in which a product is assembled by having each perform a specific successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line

Assembly-line

3

Point of location where transfer among transportation modes is is possible

Break of bulk point

4

Industry that makes something that gain volume or wait during production

Bulk gaining industry

5

Wealth, whether in money or property, owned or employed in a business by an individual, firm, or corporation

Capital

6

Homebase to manufacturing and example of this is textile manufacturing

Cottage industry

7

Highly organized and special I system for organizing industrial production and labor. Named after automobile Producer Henry Ford, Fordist production features assembly-line production of standardized components for mass consumption, where each worker is assigned one specific task to perform repeatedly

Fordist

8

World economic system characterized by a more flexible set of production practices with specialized products in which goods are not mass produced; instead, production has been accelerated and dispersed around the globe by multinational companies that shift production, outsourcing it around the world and bringing places closer together in time and space then would have been imaginable and the beginning of the 20th century

Post Fordist

9

Revolution that transformed how goods are produced for society and the way people obtain food, clothing, and shelter.

Industrial revolution

10

Type of industry in which labor cost is A high percentage of expense

Labor-intensive

11

Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimize Asian of three critical expensive labor, transportation, and agglomeration

Least cost theory

12

A logical attempt to explain the locational pattern of an economic activity and manner in which it is producing areas are interrelated the agricultural location theory contained in the von Thunen model is a leading example

Location theory

13

A decision by a corporation to turn over much of the responsibility for production to independent suppliers

Out sourcing

14

Characteristics that result from the unique characteristics of a location, such as land, labor, and capital.

Site factors

15

Characteristic that involve transporting materials to and from a factory

Situation factors

16

Fabric made by weaving, used in making clothing

Textile

17

Creator of the model that states that the optimum location of a manufacturing firm is explained in the terms of cost minimization

Weber, Alfred

18

State that has prevented a union or company from negotiating a contract that requires workers to join a union as a condition of employment

Right to work state

19

Type of industrial competition in which the countries within a group cooperate through trade, and these groups compete against the other two (there are three in total)

Trading bloc

20

Transfer of some types of jobs, especially those requiring low skilled workers, from more developed to less developed countries

New international division of labor

21

Lower production cost as a result of larger volume of production

Economies of scale

22

Companies keep it on hand adjust what supplies they need for near-term production

Just in time delivery