Chapter 11 AP Vocab Flashcards

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