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Chptr 11 KTs

Chapter 11 Key Terms Rubenstein

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
Created by: Bramble