1.6 - Multinational companies (MNCs) Flashcards
1
Q
Gross Domestic product (GDP)
A
Is the value of a country’s annual output or national income
2
Q
Host country
A
Is any nation that allows a multinational to set up in its country
3
Q
Multinational Company (MNC)
A
Is an organisation that operates in two or more countries, with its head offices or HQ usually based in the home country
4
Q
Protectionist policies
A
Are measures imposed by a country to reduce the competitiveness of imports, such as tariffs (import taxes), quotas and restrictive trade practices
