1.6 Shopping In The Dark

Question 1

Economic Liberalisation

Answer 1

The reduction of government regulations and restrictions in an economy, this happens in place of greater participation by private entities.

Question 2

Glocalisation

Answer 2

The practice of conducting business whilst considering both local and global traditions.

Question 3

Outsourcing

Answer 3

Delegating work to another company so that the cost of repeat something another company is doing can be avoided.

Question 4

Offshoring

Answer 4

Where operations are moved to another country, where employment laws such as minimum wage and child labour don’t exist.

Question 5

How Do TNCs Take Advantage Of Globalisation

Answer 5

Means
Mobility
Motive

Question 6

Means

Answer 6

TNC’s intentions with businesses in other countries who only have access to that business due to globalisation.

Question 7

Mobility

Answer 7

How they move their people, goods, ideas and money.

Question 8

Motive

Answer 8

What business they want with foreign companies and countries.

Question 9

A & F

Answer 9

Abercombie & Fitch

Question 10

A&F Means

Answer 10

To invest in business around the world, they pay tax in Ohio for the low tax, manufacture in Chinese Vietnamese Indians for the low cost, and they make the trade blocs, and glocalise for the UAE mans with the advertising.

Question 11

A&F Mobility

Answer 11

Faster & cheaper transport, delivering goods quick time, cloud computing allows transfer of data quick time.

Question 12

A&F Motive

Answer 12

Control costs and sell products, whilst making mad Ps.

Question 13

TNCs Can Do What They Want

Answer 13

Get away with poor environmental regulations.
Low taxes and licence agreements.
Workers depend on them for jobs.

Question 14

TNCs Can’t Do What They Want

Answer 14

They want profit and labour becomes expensive over time.
Might need better relationships with consumers.
Anti-globalisation groups blame them.
Physical geography disrupts the supply chains.