Definition Flashcards
definition
is a global company or corporation with branches all over the world
The Headquarters, research and development tend to be based in MEDC’s such as the USA or Japan where there is a skilled workforce
Production is often, but not always, based in LEDCs where labour is cheap and there are fewer regulations
definition
is a global company or corporation with branches all over the world
The Headquarters, research and development tend to be based in MEDC’s such as the USA or Japan where there is a skilled workforce
Production is often, but not always, based in LEDCs where labour is cheap and there are fewer regulations
Types in sector: Primary
Royal Dutch Shell
BP
Production near source of unexploited resource – usually in developing countries (reserves in developed countries mostly depleted
Some are now being developed in developing countries due to new technology eg hydraulic fracturing (fracking) in UK and USA
Secondary Sector
Kia Motors, Toyota
Manufacturing in developing countries – especially south east and south Asia – due to
Lower labour costs
Investment in education – easier to train workers
Strong work ethic and little regulation for workers (eg long hours and few holidays
Government incentives
Large markets in countries with large populations
Car manufacturers locate in USA and EU to gain access to markets
Tertiary Sector
BT, Holiday Inn
More ‘footloose” – will locate in areas with:
low labour costs
good education
proximity to markets
language also important eg call centres located to India
Tertiary Sector
BT, Holiday Inn
More ‘footloose” – will locate in areas with:
low labour costs
good education
proximity to markets
language also important eg call centres located to India
Quaternary Sector
GlaxoSmithKline
Manufacturing in developing countries – especially south east and south Asia – due to
Lower labour costs
Investment in education – easier to train workers
Strong work ethic and little regulation for workers (eg long hours and few holidays
Government incentives
Large markets in countries with large populations
Car manufacturers locate in USA and EU to gain access to markets
