ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Every day, the KIA Motors factory in South Korea receives automobile parts for assembly three hours before assembling the car. This is an example of
A
Von Thunen model
B
Rostows Stages of economic development
C
Just-in-time production
D
Locational interdependence
Explanation: 

Detailed explanation-1: -The answer is they are manufactured in one of three locations: The headquarters in Seoul, South Korea. The United States manufacturing plant in West Point, Georgia. Another manufacturing plant in Zilina, Slovakia.

Detailed explanation-2: -An average car has about 30, 000 parts. Once those parts are manufactured and brought to the final production line, it takes automakers about 18 to 35 hours to produce one mass-market vehicle – from welding to full engine assembly to painting.

Detailed explanation-3: -Kia Custom Ordering FAQ In general, the current estimated lead times range between 6 and 12 weeks. Your sales consultant will keep you informed throughout the build process from initial order placement to final delivery here at the dealership.

Detailed explanation-4: -Hyundai Motor Company. Kia Corporation. General Motors Korea (formerly Shinjin Motors/Saehan Motors/Daewoo Motors) SsangYong Motor Company. Renault Korea Motors. Tata Daewoo. Edison Motors. Asia Motors. More items

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