Unit 7 part 2 quiz

Break-of-Bulk

A place where goods are transferred between transportation types (like ship to truck or train).

Marketability

How easy it is to sell something, based on things like demand, competition, and location.

Bulk-Reducing Industry

An industry where the inputs (raw materials) are heavier or larger than the final product, so factories are located near resources.

Bulk-Gaining Industry

An industry where the final product is heavier or larger than the raw materials, so factories are near the market.

Containerization

The use of large standardized containers to transport goods efficiently across ships, trains, and trucks.

Agglomeration

When businesses from the same industry cluster together to share costs and ideas.

Maquiladoras

Factories in northern Mexico near the U.S. border that assemble products for export.

Labor Unions

Groups of workers who fight for better pay and conditions.

Right-to-Work Laws

Laws that make it illegal to require someone to join a union to get a job.

Consumer Services

Services that serve people directly.

Public Services

Services that protect or serve everyone in a society.

Business Services

Services that help other businesses operate.

Production Factor – Labor

The workers needed to produce goods.

Production Factor – Capital

Money and machines used to produce goods.

Production Factor – Land

Natural resources and space needed for factories or farming.

Fordist Production

Old-school mass production—one worker does one task, usually on an assembly line.

Post-Fordist Production

Modern, flexible production using skilled workers, teams, and outsourcing.

Hotelling’s Law

Businesses move closer to competitors to fight over the same customers, even if it’s inefficient.