global industries and companies Flashcards
1
Q
multinational company is
A
business that is based or registered in one country but does business in another
2
Q
3 benefits of MNC
A
- often pay higher wages
- job creation improves standard of living
- gives country skills
3
Q
5 ethical issues to think about
A
- stakeholder conflicts
- pay and working conditions
- environmental considerations
- supply chain considerations
- marketing considerations
4
Q
pay and working conditions in MNC
A
tend to be higher than local minimum
improves standard of living
5
Q
supply chain considerations in MNC
A
no child labour
issues with zero hour contracts
6
Q
marketing considerations in MNC
A
misleading product labelling
inappropriate promotional activities
7
Q
3 reasons why MNC need to be controlled
A
long lasting effects of mineral extractions
safety standards
loss of culture and traditions
8
Q
3 things that apply pressure on MNC
A
- government and legal control
- social media can spread messages of unethical behaviour
- pressure groups
