ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Qutsourcing
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Bulk-reducing industry
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Footloose industry
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Break-of-Bulk point
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Detailed explanation-1: -BULK REDUCING industries are those whose finished products are lighter/have less volume than inputs.
Detailed explanation-2: -The North American copper industry is a good example of locating near the raw material source. Copper concentration is a bulk-reducing industry; the final product weighs less than the inputs. Two-thirds of U.S. copper is mined in Arizona so most of the concentration mills and smelters are also in Ari-zona.
Detailed explanation-3: -Bulk-gaining industries make products that weigh less after assembly, than before assembly; bulk-reducing industries make products that weigh more after assembly, than before assembly.
Detailed explanation-4: -Bulk-gaining industries make products that weigh more after assembly than before assembly; bulk-reducing industries make products that weigh less after assembly than before assembly.
Detailed explanation-5: -E:Beverage industry is a good example of a bulk-gaining industry. I:Bulk-gaining companies need to reduce their costs of transporting the finished product so the plants are located near the consumer of the product. E:Cooper industry is a good example of a bulk-reducing industry.