1.6 Multinational Companies Flashcards
1
Q
What is globalisation?
A
Globalisation is the process of regional economies become one global unit
2
Q
What impact does globalisation have on the growth of domestic businesses?
A
-Increased competition
-Skills tranfer
3
Q
What is a multinational corporation?
A
A multinational corporation is a business that operates/is registered in more than one country
4
Q
What are advantages of globalisation on the host country?
A
-Economic growth
-New ideas
-Skills transfer
-More choice of products
5
Q
What are disadvantages of globalisation on the host country?
A
-Loss of cultural identity
-Loss of market share
