4.4 Multinational Companies and industries

Question 1

how can MNCs impact the Local economy

Answer 1

• Create Jobs
• Improve wages/working conditions
• impacts local businesses
• community and environment
• Infrastructure

Question 1

How can MNCs impact national economy

Answer 1

• Improve investment (FDI)
• Balance of payments
• Tech and skills transfer
• Consumer have more choice, lower prices
• business culture (more modern methods)

Question 2

pros of Business ethics

Answer 2

• Enhanced reputation
• Customer Loyalty

Question 3

Cons of a business staying ethical

Answer 3

Higher costs
slower decision making

Question 4

What are some of the things Business needs to consider to be ethical

Answer 4

• pay and working conditions
• Environmental considerations
• Supply chain considerations
• marketing considerations

Question 5

What are the four ways to control MNCs

Answer 5

Political influences
Social media/pressure Groups
Taxation policy
legal controls