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Unit VI: 18 to 36
Omitted some words
Term | Definition |
---|---|
Fair trade | An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit unionization, and comply with minimum environmental and safety standards |
Cottage Industry/Domestic System | Home-based manufacturing system |
Textiles | A cloth, fabric |
Bulk-gaining industry | An industry in which the final product weighs more or comprises a greater volume than the inputs |
Bulk-reducing industry | An industry in which the final product weighs less or comprises a lower volume than the inputs |
Break-of-bulk point | A location where transfer is possible from one mode of transportation to another. |
Just in time delivery | Shipment of parts and material to arrive at a factory moments before they are needed |
Labor-intensive industry | An industry for which labor costs comprise a high percentage of total expenses |
Right-to-work state | 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 |
Outsourcing | A decision by a corporation to turn over much of the responsibility for production to independent suppliers |
Weber's least cost theory | Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimization three critical expenses: labor, transportation, and agglomeration |
Agglomeration | Clustering of manufacturing plants or business in the same area to provide assistance to each through shared talent, services, and facilities |
Deglomeration | Manufacturing plant or businesses leaving crowded urban centers and moving to another location |
Site | Exact location of a place |
Situation | The location of a place relative to other places |