7.2 Vocab

Which sector of the economy involves activities such as agriculture, fishing, and mining?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

Which term refers to the theory that suggests companies will choose locations that minimize transportation costs?

• Agglomeration

• Break-of-bulk point

• Least-cost theory

• Industrial Parks

Which industry type typically gains weight or volume during production and thus is located closer to the market?

• Bulk-reducing industry

• Bulk-gaining industry

• Primary Sector

• Tertiary Sector

What is the term for the clustering of similar industries in a particular location for mutual benefit?

• Bulk-reducing industry

• Agglomeration

• Quaternary Sector

• Quinary Sector

What type of industry is more likely to be located near the source of raw materials because it reduces transportation costs?

• Secondary Sector

• Quaternary Sector

• Bulk-gaining industry

• Break-of-bulk point

Which sector of the economy includes services such as healthcare, education, and retail?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quinary Sector

What is the term for a location where goods are transferred from one mode of transportation to another for further distribution?

• Industrial Parks

• Quaternary Sector

• Break-of-bulk point

• Agglomeration

Which sector of the economy involves knowledge-based activities, such as research and development?

• Quaternary Sector

• Quinary Sector

• Tertiary Sector

• Primary Sector

What are designated areas set aside for industrial development called, typically equipped with infrastructure and services?

• Bulk-reducing industry

• Industrial Parks

• Agglomeration

• Least-cost theory

Which sector of the economy includes high-level decision-making roles and top-level executives?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quinary Sector