Industry
About this set
Created by:
armandosullivan on April 11, 2010
Subjects:
Log in to favorite or report as inappropriate.
Order by
15 terms
Terms | Definitions |
|---|---|
 break-of-bulk point | a location where transfer among transportation modes is possible |
| bulk-gaining industry | industry that makes something that gains volume or weight during production |
| bulk-reducing industry | an economic activity in which the final product weighs less than its inputs |
| cottage industry | manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution |
| Fordist | Form of mass production in which each worker is assigned one specific task to perform repeatedly |
| Industrial Revolution | begun about 1760 in England and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines, as the power loom and the steam engine, and by the concentration of industry in large establishments |
| labor-intensive industry | one in which wages and other compensation paid to employees constitute a high percentage of expenses |
| maquiladora | factories built by US companies in Mexico near the US border to take advantage of much lower labor costs in Mexico |
| new international division of labor | the transfer of some types of jobs, especially those requiring low-paid, less-skilled workers, from more developed to less developed countries |
| outsourcing | contracting with an outside provider to produce one or more of an organization's goods or services |
| Post-Fordist | flexible, lean production distinguished by three rules: teams, problem solving, and leveling |
| right-to-work laws | requires a factory to maintain a so-called "open shop" and prohibits a "closed shop" (workers not required to be in a union) |
| site factors | location factors related to the costs of factors of production inside the plant, such as land, labor, and capital |
| situation factors | Location factors related to the transportation of materials into and from a factory |
| textile | woven fabrics |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.