Skip to main content
Social Sci LibreTexts

11.7: Key Terms Defined

  1. Last updated
  2. Save as PDF
  • Page ID
    39793

    • \( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \) \( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)\(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\) \(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\)\(\newcommand{\AA}{\unicode[.8,0]{x212B}}\)

    Back office services – interoffice services involving personnel who do not interact directly with clients.

    Break-of-bulk point – point of transfer from one form of transport to another.

    Bulk reducing – industrial activity that produces a product that weighs less than the inputs.

    Commodification – The process of transforming a cultural activity into a saleable product.

    Containerization – transport system using standardized shipping containers.

    Deindustrialization – process of shifting from a manufacturing based economy to one based on other economic activities.

    Economies of scale – efficiencies in production gained from operating at a larger scale.

    Footloose capitalism – spatial flexibility of production.

    Fordism – rational form of mass production for standardizing and simplifying production.

    Gig economy – a labor market characterized by freelance work.

    Globalization – the state in which economic and cultural systems have become global in scale.

    Intermodal – transportation system using more than one of transport.

    Just in time delivery – manufacturing system in which components are delivered just before they are need in order to reduce inventory and storage costs.

    Locational criteria – factors determining whether an economic activity will occur in a place.

    Logistics – the coordination of complex operations.

    Outsourcing – shifting the production of a good or the provision of a service from within a company to an externals source.

    Offshoring – shifting the production of a good or the provision of a service to another country.

    Supply chain – all products and process involved in the production of goods.

    Taylorism – the scientific management of production.

    This page titled 11.7: Key Terms Defined is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by David Dorrel & Joseph P. Henderson (University of North Georgia Press) via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.