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Chptr 11 KTs
Chapter 11 Key Terms Rubenstein
Question | Answer |
---|---|
Production that involves teams, problem solving and leveling. | Post-Fordist production |
An economic activity in which the final product weighs less than its inputs. | Bulk-reducing industry |
Something that gains volume or weight during production. | Bulk-gaining industry |
Production where each work is assigned a specific task to perform repeatedly. | Fordist production |
The collective invention of hundreds of mechanical devices developed largely in the United Kingdom. | Industrial Revolution |
Production of woven fabrics like clothing that requires less-skilled, low cost workers. | Textiles |
Turing over much of the responsibility for production to independent suppliers. | Outsourcing |
Parts are delivered to an assembly plant within hours or even minutes of when they are to be used. | Just-in-time delivery |
Money dedicated to establishment of new business. | Capital |
Products made in a specialized, low scale manner. Often times in a person’s home | Cottage industry |
Work in which wages and other compensation constitute a high percentage of expenses. | Labor-intensive industry |
The selective transfer of some jobs to LDCs. | New international division of labor |
The costs associated with transporting materials to a factory/plant as well as the costs of getting the finished product to market | Situation factors |
Plants established along the Mexico-U.S. border to take advantage of looser regulations and cheaper labor. | Maquiladores |
The costs involved in manufacturing that have to do with the cost of land and labor as well as the availability of capital. | Site factors |
A location where transfer among modes of transportation is possible. | Break-of-bulk point |
The requirement that forces a factory to allow a person to work without choosing to join a union. | Right-to-work laws |