Chapter 8.8 Flashcards
1
Q
What is a multi-national corporation (MNC) ?
A
A multi-national corporation is a business that produces and sells its products in different countries.
2
Q
What are the three largest MNC’s whose most sales operate outside of their home country?
A
- COMPANY: Nestlé, HOME COUNTRY: Switzerland, OVERSEAS SALES AS A PERCENTAGE: 97.8%
- COMPANY: Vodafone, HOME COUNTRY: Britain, OVERSEAS SALES AS A PERCENTAGE: 88.3%
- COMPANY: Siemens, HOME COUNTRY: Germany, OVERSEAS SALES AS A PERCENTAGE: 85.3%
3
Q
What are the top three multinational corporations by revenue?
A
- Walmart
- State grid
- Sinopec group
4
Q
What are LEDC’s?
A
Less economically developed countries.
5
Q
What are three positives of MNC’s?
A
- Brings money and economic growth into that country
- Helps LEDC’s to advance
- Improves standard of living in LEDC’s
6
Q
What are three negatives of MNC’s?
A
- Exploits workers in LEDC’s
- Profits are transferred out of the country, instead of being used to boost economy in those LEDC’s
- Only provide menial (bad) work for local residents.