13188752360 | cottage industry | Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution. | 0 | |
13188753189 | location theory | attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated | 1 | |
13188756025 | variable costs | costs that change directly with the amount of production (e.g. energy supply and labor costs) | 2 | |
13188759346 | Site factors | Location factors related to the costs of factors of production inside the plant, such as land, labor, and capita. | 3 | |
13188763557 | Situation factors | Location factors related to the transportation of materials into and from a factory. | 4 | |
13188767185 | Least Cost Theory | Model 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 | |
13188770703 | Location Interdependence | Theory 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 | |
13188780054 | Bulk-reducing industry | An industry in which the final product weighs less or comprises a lower volume than the inputs. | 7 | |
13188784451 | Bulk-gaining industry | An industry in which the final product weighs more or comprises a greater volume than the inputs. | 8 | |
13188793935 | Break-of-bulk point | A location where transfer is possible from one mode of transportation to another. | 9 | |
13188800466 | Footloose industry | Industries that are less dependent on factors that tie them to a specific geographical location. Examples: computer software development, telephone sales and call centers | 10 | |
13188930529 | Just-in-time delivery | Shipment of parts and materials to arrive at a factory moments before they are needed | 11 | |
13188933170 | Labor-intensive industry | An industry for which labor costs comprise a high percentage of total expenses. | 12 | |
13188936009 | Nonrenewable Energy | A source of energy that is a finite supply capable of being exhausted. | 13 | |
13188944415 | renewable resource | A resource that has a theoretically unlimited supply and is not depleted when used by humans. | 14 | |
13188950064 | New international division of labor | Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries. | 15 | |
13188956384 | Deindustrialization | process 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 | |
13188979456 | Outsourcing | A decision by a corporation to turn over much of the responsibility for production to independent suppliers. | 17 | |
13188982888 | Vertical Integration | An approach typical of traditional mass production in which a company controls all phases of a highly complex production process. | 18 | |
13188985997 | Horizontal Integration | Mass ownership of companies that exist at the same point in a commodity chain. | 19 | |
13188993765 | Maquiladora | 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. | 20 | |
13189007357 | Right-to-worker law | A 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 | |
13189014693 | Fordist production | Form of mass production in which each worker is assigned one specific task to perform repeatedly. | 22 | |
13189015700 | Post-Fordist Production | Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks. | 23 | |
13189017289 | Remanufacturing | The rebuilding of a product to specifications of the original manufactured product using a combination of reused, repaired and new parts. | 24 | |
13189018333 | recycling | the separation, collection, processing, marketing, and reuse of unwanted material | 25 |
Chapter 11 AP Vocab Flashcards
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