Globalisation Flashcards
0
Q
What does TNCs stand for?
A
Trans National Corporations
1
Q
What is Globalisation?
A
The way ideas, companies &lifestyles spread around the world
2
Q
What is a transnational corporation?
A
A company that operates in many countries
3
Q
Why do companies go global?
A
To increase profit
4
Q
What is revenue?
A
The money made from selling goods & services
5
Q
What are costs?
A
The money spent on making & selling goods & services
6
Q
Why do TNCs move jobs to LEDCs?
A
Wages are low
7
Q
What is profit?
A
Revenue-Costs=Profit
8
Q
What is the problem with TNCs moving jobs to LEDCs?
A
It creates unemployment in MEDCs
