CHAPTER 61 GLOBALISATION Flashcards
1
Q
Globalisation
A
From an economic perspective, the ever-increasing integration of the world’s local, regional and national economies into a single international market.
2
Q
Multinational company or multinational coporation or transnational corporation
A
A company with significant product operations in at least two countries.
3
Q
Transfer pricing
A
An account technique used by multinational companies for reducing taxes on profits by selling goods at a low price internally from a high-tax country to another part of the company in a low-tax country.
