Globalisation/MNCs
The process of countries connecting more through trade, business, technology, and money.
Globalisation
A primary motivation for companies to become multinational, involving selling to more customers in different countries.
Make more money or Increase Profits
A major benefit of MNCs for host countries, as they hire local workers.
Job Creation
A company that has its headquarters in one country but operates in many other countries.
Multinational Company
The advantage of producing more products to lower the cost per product.
Economies of Scale
A common criticism of MNCs is that they pay workers in developing countries very little.
Low Wages
This American coffee company has over 32,000 stores in 80 countries.
Starbucks
By producing in a country, MNCs can avoid these taxes on imported goods. This is obstacle is called _________
Trade Barriers / Import Taxes
When MNCs bring new skills and modern business methods to a host country, it's called this.
Technology Transfer
The four main features of globalization are Foreign Ownership, Movement of Workers & Technology, Free Trade, and _______________-
Money Flows
One of the 9 reasons to become a multinational is to reduce ________ by operating in multiple countries.
risk
This tragic event in a Bangladesh factory in 2013, which killed over 1,100 workers, highlighted the issue of poor working conditions.
Factory Collapse
This company designs its products in the USA, manufactures them in China, and sells them worldwide, making it a classic example of an MNC.
Apple
Companies may move production to other countries to find___________, as workers in some countries earn less.
Cheaper Labour
Oil spills from companies like Shell in this African nation have caused significant environmental damage
Nigeria
The main office of a multinational corporation is called this.
Headquarters
This company produces 50% of its goods in Vietnam, China, and Indonesia due to lower labor costs.
Nike
When Samsung built factories in this country, it created over 160,000 jobs and helped it become a major electronics exporter.
Vietnam