Unit 7 Part 2 Vocab Choice Board

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Across
  1. 5. An industry in which the inputs weigh more than the final products.
  2. 6. The period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organization of an economy for the purpose of manufacturing.
  3. 7. These factors involve transporting materials to and from a factory. A firm seeks a location that minimizes the cost of transporting inputs to the factory and finished goods to consumers.
  4. 11. An industry for which labor costs comprise a high percentage of total expenses.
  5. 12. A market center for the exchange of services by people attracted from the surrounding area.
  6. 13. These factors result from the unique characteristics of a location. These are labor, capital, and land.
  7. 14. Makes something that gains volume or weight during production.
  8. 15. Copper Mining
  9. 16. Manufacturing based in homes rather than in factories, most common prior to the Industrial Revolution
Down
  1. 1. A theory that explains the distribution of services based on the fact that settlements serve as centers of market areas for services; larger settlements are fewer and farther apart than smaller settlements and provide services for a larger number of people who are willing to travel farther.
  2. 2. A business that sells its products or services primarily to consumers outside the settlement
  3. 3. Shipment of parts and materials to arrive at a factory moments before they are needed.
  4. 4. The transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.
  5. 8. The Industrial Revolution, now also known as the First Industrial Revolution, was the transition to new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840.
  6. 9. A decision by a corporation to turn over much of the responsibility for production to independent suppliers.
  7. 10. A service that primarily meets the needs of other businesses, including professional, financial, and transportation services.