1.6 Multinational Companies (MNCs) Flashcards
1
Q
Gross domestic product (GDP)
A
The value of a country’s annual output or national income
2
Q
Host country
A
Any nation that allows a multinational company to set up in its country
3
Q
Multinational Company (MNC)
A
An organization that operates in two or more countries, with its head office usually based in the home country
4
Q
Protectionist policies
A
Measures imposed by a country to reduce the competitiveness of imports, such as tariffs (import taxes), quotas and restrictive trade practices
