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These flashcards cover key vocabulary related to industrial location theory and service distribution concepts discussed in the lecture.
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Bulk Reducing Industries
Industries that locate near their inputs to minimize transportation costs because their raw materials weigh more than the final products.
Bulk Gaining Industries
Industries that locate near their markets because their final products weigh more than the raw materials used.
Site Factors
Factors related to the location of a production site that affect the cost of production such as land, labor, and capital.
Situation Factors
Factors that relate to the location of a firm in relation to other businesses and resources.
Copper Industry Example
An example of a bulk reducing industry where the processes of mining, concentrating, smelting, and refining take place closer to the source of the raw material.
Threshold
The minimum number of people needed to support a service or business.
Range
The maximum distance that consumers are willing to travel to purchase a good or service.
Central Place Theory
A geographical theory that describes the size, number, and location of human settlements in a hierarchical manner.
Outsourcing
The practice of transferring certain production processes to external suppliers to reduce costs, significantly impacting manufacturing distribution.
BRICS
An acronym for the emerging economic powers Brazil, Russia, India, China, and South Africa, indicating countries with significant industrial growth.