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Industry Terms Fill In The Blanks

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In each blank, try to type in the word that is missing. If you've typed in the correct word, the blank will turn green.

If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed.

When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on.
Question: Right-to-work Answer: Southern States are known as these types of states because they have laws preventing a union and company from negotiating a contract that requires workers to join a union as a condition of employment
Question: Site Answer: Result from the characteristics of a location
Question: FactorsAnswer: Involve materials to and from a factory
Question: Answer: Woven
Question: Trading Answer: A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs. Three most important trading blocs are Western Hemisphere, Western Europe, and East
Question: RevelutionAnswer: A series of improvements in industrial technology that the process of manufacturing goods.
Question: Intensive IndustryAnswer: An industry for which labor costs high percentage of total expenses.
Question: -of-bulk point Answer: A location where transfer is possible from one mode of to another.
Question: Bulk-gaining Answer: An industry in the final product weighs more or comprises a greater volume than the inputs.(locate where the product is going to be sold)
Question: Bulk-reducing Answer: An industry in which the final product weighs less or comprises a lower volume than the inputs.(Copper, Smelting, Paper, , Lumber Products, Corn, Ethanol)
Question: Cottage Answer: Manufacturing based in homes rather than in a , commonly found before the Industrial Revolution.
Question: Answer: Form of mass production in which each worker is assigned one task to perform repeatedly.
Question: MaquiladorasAnswer: Factories that assemble goods; the transnational corporations (US) take advantage of them
Question: New International Division of Answer: Transfer of some types of jobs (especially those requiring low-paid less skilled workers) from MDCs to
Question: Post Answer: Adoption by companies of flexible work rules, such as the allocation of workers to teams that a variety of tasks.
Question: Answer: grouping together of of many firms from the same industry in a single area for collective or cooperative use of infrastructure and of labor resources
Question: DegglomerationAnswer: Occurs when advantages of outweigh the disadvantgaes
Question: ActivitiesAnswer: Economic that surround and support large-scale industries such as shipping and food service
Question: CorporationAnswer: areas that have specially designed to promote transactions, and thus have become centers for banking and finance
Question: DeindustrialzationAnswer: loss of activity in a
Question: E-commerceAnswer: Web-based Economic
Question: Backwaters Answer: Regions that fail to gain from economic development
Question: Eco-TourismAnswer: A form of tourism, based on the enjoyment of scenic or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.
Question: FirmsAnswer: Manufacturing activities in which cost of transporting both raw materials and finished product is not important for determining the of the firm
Question: Answer: System of standardized mass production to Henry Ford
Question: InvestmentAnswer: Overseas investments made by private companies
Question: Answer: the idea that the is becoming increasingly interconnected on a global scale such that smaller scales of political and economic life are becoming obsolete
Question: Gross ProductAnswer: The total value of goods and produced within the borders of a country during a specific time period, usually one year.
Question: Gross National Answer: The total value of goods and services, including income received from , produced by the residents of a country within a specific time period, usually one year.
Question: Answer: Development in which countries evolve economically from basic, primary goods to using modern factories for mass-producing goods.
Question: Industrialized Answer: those countries including, Britain, France, US, , German, and Japan, that were all at the forefront of industrial production and innovation through the middle of the 20th century
Question: Cost TheoryAnswer: A concept developed by Alfred Weber to describe the optimal location of manufacturing establishment in relation to the costs of transport and labor, and the relative advantage of or deglomeration.
Question: Least COst Answer: The location a balance between lowest land costs and lowest transportation costs is achieved. It is important because it explains the location of many businesses, particularly those in industry.
Question: Answer: Transfer of business components to a third party for reasons such as labor and easier access to labor.
Question: Answer: The value of a particular product compared to the amount of labor to make it.
Question: Purchasing ParodyAnswer: Equilibrium exchange rate between currencies to equalizetheir purchasing power. Importance: Shows economic prosperity and equzlity in trade.
Question: Quartnary Quinary ActivitiesAnswer: economic activities concerned with research, gathering, and administration
Question: RegionalizationAnswer: the process by which specific regions acquire characteristics that differentiate them from within the same country
Question: ResourcesAnswer: any natural resource that can replenish itself in a relatively short period of time, no longer than the length of human life
Question: 's Stages of DevelopmentAnswer: a model of economic development that describes a country's progression occurs in five stages transforming them form least-developed to most-developed
Question: The Rust Belt Answer: the manufacturing region in the US that is debilitated because many manufacturing firms have relocated to countries offering cheaper labor and relaxed environment regulations
Question: Secondary ActivitiesAnswer: economic activities concerned with the processing of raw materials such as manufacturing, , and power generation
Question: Primary Economic Answer: economic activities in which natural resources are made available for use or further processing, including mining, agriculture, forestry, and
Question: Service EconomiesAnswer: a financial concept that says that is becoming more and more important in product offerings. The merging of products and service.
Question: Spatially CostsAnswer: An input cost in manufacturing that constant wherever production is located
Question: Spatially Variable Answer: Costs that vary or change depending on the location of an activity.
Question: GoodsAnswer: Item that is extraordinary or unique enough to people to make sure an unusual effort to get it.
Question: Economic Activities Answer: Tertiary economic activities are the service industry.Trade is tertiary activity in which transportation is very important via air ,land route.
Question: Processing ZoneAnswer: Areas where governments create favorable investment and conditions to attract export-oriented industries
Question: RegionsAnswer: areas that have specially to promote business transactions, and thus have become centers for banking and finance
Question: Off financial centerAnswer: areas that have specially designed to business transactions, and thus have become centers for banking and finance
Question: Quinary ActivitiesAnswer: service sector industries that require a high level of specialized knowledge skill (scientific research, high-level )
Question: Back Wash Answer: The negative on one region that result from economic growth within another region
Question: MaquiladoraAnswer: Factories built by the U.S. companies in Mexico near the U.S. , to take advantage of much lower labor costs in Mexico.
Question: Weber's Theory of IndustrializationAnswer: Where the cost are found and where they can be
Question: a financial concept that says that is becoming more and more important in product offerings. Answer:
 
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