Mulitnationals And Globaliststion Flashcards
1
Q
Multinationals
Globalisation
A
Multinationals - These are businesses that operate in several counties. This means selling their products or have their goods produced in several countries
Globalisation - The way the world is becoming more interconnected due to increased trade and culture exchange
Benefits/ opportunities
Selling products to other countries increases revenue and then increases profits
Having your goods produced in other countries provide lower costs
Threats of Globalisation
More competition from business in other countries who may be able to charge lower prices due to lower running costs
