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.

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2
Q

What are the three largest MNC’s whose most sales operate outside of their home country?

A
  1. COMPANY: Nestlé, HOME COUNTRY: Switzerland, OVERSEAS SALES AS A PERCENTAGE: 97.8%
  2. COMPANY: Vodafone, HOME COUNTRY: Britain, OVERSEAS SALES AS A PERCENTAGE: 88.3%
  3. COMPANY: Siemens, HOME COUNTRY: Germany, OVERSEAS SALES AS A PERCENTAGE: 85.3%
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3
Q

What are the top three multinational corporations by revenue?

A
  1. Walmart
  2. State grid
  3. Sinopec group
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4
Q

What are LEDC’s?

A

Less economically developed countries.

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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
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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.
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