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Chptr 11 KTs
Chapter 11 Key Terms Rubenstein
|Production that involves teams, problem solving and leveling.
|An economic activity in which the final product weighs less than its inputs.
|Something that gains volume or weight during production.
|Production where each work is assigned a specific task to perform repeatedly.
|The collective invention of hundreds of mechanical devices developed largely in the United Kingdom.
|Production of woven fabrics like clothing that requires less-skilled, low cost workers.
|Turing over much of the responsibility for production to independent suppliers.
|Parts are delivered to an assembly plant within hours or even minutes of when they are to be used.
|Money dedicated to establishment of new business.
|Products made in a specialized, low scale manner. Often times in a person’s home
|Work in which wages and other compensation constitute a high percentage of expenses.
|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
|Plants established along the Mexico-U.S. border to take advantage of looser regulations and cheaper labor.
|The costs involved in manufacturing that have to do with the cost of land and labor as well as the availability of capital.
|A location where transfer among modes of transportation is possible.
|The requirement that forces a factory to allow a person to work without choosing to join a union.