•inputs: •raw materials, labour, energy, capital
•processes: •processing raw materials, assembling components, packaging, administration
•outputs: •profit, by-products, waste, products
•industry types
•manufacturing: •the physical process of making the product / refinery of raw materials
•heavy industry: •manufacturing large articles in bulk e.g iron and steel
•light industry: •manufacturing light, small articles - sometime high tech. e.g phones
•processing: •the steps of manufacturing directed to some end, processing raw materials reducing bulk and increasing value
•assembly: •the industry that put the components together. Components may be made elsewhere
•high-technology industry: •companies that make technological products
•market orientated: •where the location is drawn to the market, reducing transport costs
•raw-material orientated: •where the location is drawn to the materials, reducing transport
•capital intensive: •requires lots of money, investing a high amount on machines - a ratio
•labour intensive: •a large workforce of different skills, but not necessarily expensive a ratio
•national: •many small firms only manufacture in one country
•trans-national: •large companies in more than two countries
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