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Locational Criteria: are the criteria and factors that influence where people and businesses settle.

Spillover effect: the spillover effect refers to the unintended consequences of economic activities, typically referring to the effect on other dependent states.

Hinterland: refers to the area surrounding a major city that they rely on for resources and services.

Connectivity: refers to the way different people, places, and ideas connect and interact.

First Mover Advantage: refers to the competitive advantage a company has over other companies by being the first to introduce a product or service to a market.

Fordist: refers to the system of mass production invented by Henry Ford which involves non-specialized assembly lines and fair wages.

Vertical integration: refers to a business strategy where a company owns multiple stages of production or distribution in the same industry.

Technopole: is an agglomeration of technological businesses/ a specialized area designed for technological advancement and innovation.

Location theory: explains that the best location for an industry minimizes costs, mainly transportation and labor costs.

Agglomeration: refers to the clustering of businesses and industries in a particular area, helping increase efficiency and decrease costs.

Flexible production: refers to a production system that emphasizes adaptability and customization to meet market demands.

Product life cycle: refers to the stages a product goes through after its introduction to the market, including introduction, growth, and decline.

Global division of labor: refers to the geographic allocation of different economic activities and tasks across the world.

Spatial fix: is the movement of production from one site to another based on the advantages of the new site.

Commodity Chain: refers to the linked system of processes that turn an item from its raw material (s) to a final product to be sold in a market.

Outsourcing: refers to a company reaching out to an external party to complete tasks or services that were previously done in house.

Intermodal connections: Places where two or more modes of transportation meet.

Deindustrialization: refers to the decline or removal of industrial activity and manufacturing in a region, leading to a more service based economy.

Break-of-Bulk Point: is the location where goods are transferred from one form of transportation to another.

Rust Belt/Sun Belt: both experienced deindustrialization, but the Sun Belt was able to recover and become a place of economic growth due to the success of service industries.

High-technology corridor: is an area near major transportation areas dedicated to the development and sale of high-technology products.

Growth Pole: refers to an area with the potential for significant economic growth.