Site Factors for Industries
What is assigning each worker one task to perform repeatedly?
What is Fordism?
What is it when the final product weighs more or takes up more space than the raw materials?
What is weight (bulk) gaining?
What is a business strategy where a company acquires or expands into different stages of its supply chain to gain greater control over its operations?
What is veritcal consolidation?
What is the aggregate value of the gross balances of primarily income for all sectors?
What is gross national income?
What is subsistence, barter, and agriculture?
What is Stage 1: Traditional Society?
What is a highly developed economies experiencing rapid industrialization?
What is Asian Tigers?
What is heavier input, shorter distance to plant?
What is weight (bulk) losing?
What is the merger or acquisition of companies operating at the same level of the supply chain in the same industry?
What is horizontal consolidation?
What is the dependency ratio?
What is industrialization, growing investment, regional growth, and political change?
What is Stage 3: Take Off?
What are the economies that have experienced rapid industrial growth, from agriculture-based to service-oriented?
What are Newly Industrialized Countries?
What is it when the final product weighs less or takes up less space than raw materials?
What is weight (bulk) losing?
What is the increased distance between two locations or points that increases the cost (time, energy, money) and difficulty of interaction or movement between them?
What is friction of distance?
What is formal economy?
What are the characteristics of Stage 2: Transitional Stage?
What are specialization, surpluses, and infrastructure?
What is an intergovernmental organization that regulates and facilitates international trade?
What is World Trade Org?
What is it when lighter input = longer distance to plant?
What is weight (bulk) gaining?
What is the shift in global production where labor-intensive manufacturing moves from developed countries to developing countries, while advanced economies focus on research, development, and high-skilled services?
What is the New International Division of Labor?
What measures a country's average achievement in three dimensions: health, education, and standard of living?
What is the UN Human Development Index?
What is diversification, innovation, less reliance on imports, and investment?
What is Stage 4: Drive to Maturity?
What is a business process or industry that requires large amounts of investment to produce a good or service?
What is capital-intensive?
What is it when the factor is closer to market, where weight/bulk is gained before shipment?
What is bulk gaining?
What are the advantages afforded by like industries clustering?
What is agglomeration?
What focuses on production within a country's borders, regardless of who owns the production?
What is the Gross Domestic Product?
What are the characteristics of Stage 5: High Mass Consumption?
What are consumer-oriented, durable goods flourish, and the service sector becomes dominant?