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Chapter 11 AP Vocab Flashcards

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13188752360cottage industryManufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution.0
13188753189location theoryattempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated1
13188756025variable costscosts that change directly with the amount of production (e.g. energy supply and labor costs)2
13188759346Site factorsLocation factors related to the costs of factors of production inside the plant, such as land, labor, and capita.3
13188763557Situation factorsLocation factors related to the transportation of materials into and from a factory.4
13188767185Least Cost TheoryModel developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration.5
13188770703Location InterdependenceTheory developed by economist Harold Hotelling; suggests that competitors try to constrain each other market, which leads them to locate near one another in the middle of the customer base.6
13188780054Bulk-reducing industryAn industry in which the final product weighs less or comprises a lower volume than the inputs.7
13188784451Bulk-gaining industryAn industry in which the final product weighs more or comprises a greater volume than the inputs.8
13188793935Break-of-bulk pointA location where transfer is possible from one mode of transportation to another.9
13188800466Footloose industryIndustries that are less dependent on factors that tie them to a specific geographical location. Examples: computer software development, telephone sales and call centers10
13188930529Just-in-time deliveryShipment of parts and materials to arrive at a factory moments before they are needed11
13188933170Labor-intensive industryAn industry for which labor costs comprise a high percentage of total expenses.12
13188936009Nonrenewable EnergyA source of energy that is a finite supply capable of being exhausted.13
13188944415renewable resourceA resource that has a theoretically unlimited supply and is not depleted when used by humans.14
13188950064New international division of laborTransfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries.15
13188956384Deindustrializationprocess by which companies move industrial jobs to other regions with cheaper labor; cause social and economic change as the area transitions to a service economy.16
13188979456OutsourcingA decision by a corporation to turn over much of the responsibility for production to independent suppliers.17
13188982888Vertical IntegrationAn approach typical of traditional mass production in which a company controls all phases of a highly complex production process.18
13188985997Horizontal IntegrationMass ownership of companies that exist at the same point in a commodity chain.19
13188993765MaquiladoraA 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.20
13189007357Right-to-worker lawA US law that prevents a union and a company from negotiate a contract that requires workers to join the union as a condition of employment.21
13189014693Fordist productionForm of mass production in which each worker is assigned one specific task to perform repeatedly.22
13189015700Post-Fordist ProductionAdoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.23
13189017289RemanufacturingThe rebuilding of a product to specifications of the original manufactured product using a combination of reused, repaired and new parts.24
13189018333recyclingthe separation, collection, processing, marketing, and reuse of unwanted material25

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