Industry Chapter 11 Rubenstein
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14 terms
Terms | Definitions |
|---|---|
Maquiladora | factories built by U.S. companies in Mexico near the U.S. border, to take advantage of much lower labor costs in Mexico |
Industrial Revolution | a series of improvements in industrial technology that transformed the process of manufacturing goods |
Cottage Industry | manufacturing based in homes rather than in a factory, commonly found prior to the Industrial Revolution |
Bulk-Reducing Industry | an industry in which the final products weighs less or comprises a lower volume than the inputs |
Bulk-Gaining Industry | an industry in which the final product weighs more or comprises a greater volume than the inputs |
Break-of-Bulk Point | a location where transfer is possible from one mode of transportation to another |
Site Factors | location factors related to the costs of factors of production inside the plant, such as land, labor, and capital |
Labor-Intensive Industry | an industry for which labor costs comprise a high percentage of total expenses |
Textile | a fabric made by weaving, used in making clothing |
Right-to-Work Laws | a U.S. state that has passed a law preventing a union and company from negotiating a contract that requires workers to join a union as a condition of employment |
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 |
Outsourcing | a decision by a corporation to turn over much of the responsibility for production to independent suppliers |
Fordist Production | form of mass production in which each worker is assigned one specific task to perform repeatedly |
Post-Fordist Production | adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks |
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