Podcast
Questions and Answers
What is a multinational company (MNC)?
What is a multinational company (MNC)?
- A company that operates in multiple countries (correct)
- A company that only imports goods
- A company that operates in only one country
- A company that only exports goods
Which of the following is a potential benefit of MNCs for host countries?
Which of the following is a potential benefit of MNCs for host countries?
- Cultural erosion
- Environmental degradation
- Increased unemployment
- Technology transfer (correct)
Which of the following is a potential drawback of MNCs for host countries?
Which of the following is a potential drawback of MNCs for host countries?
- Exploitation of local resources (correct)
- Increased foreign investment
- Job creation
- Infrastructure development
How can MNCs contribute to the economic development of a host country?
How can MNCs contribute to the economic development of a host country?
What is one way MNCs can negatively impact local businesses in host countries?
What is one way MNCs can negatively impact local businesses in host countries?
Which of the following is a common criticism of MNCs regarding labour practices?
Which of the following is a common criticism of MNCs regarding labour practices?
How can MNCs positively influence the cultural landscape of a host country?
How can MNCs positively influence the cultural landscape of a host country?
What is a potential environmental concern associated with MNCs?
What is a potential environmental concern associated with MNCs?
Which of the following is a strategy MNCs use to minimize costs?
Which of the following is a strategy MNCs use to minimize costs?
How can MNCs impact the political landscape of a host country?
How can MNCs impact the political landscape of a host country?
Which of the following is a benefit of MNCs for consumers?
Which of the following is a benefit of MNCs for consumers?
What is one way MNCs can contribute to global economic stability?
What is one way MNCs can contribute to global economic stability?
How can MNCs help in the development of human capital in host countries?
How can MNCs help in the development of human capital in host countries?
Which of the following is a potential advantage of MNCs for the global economy?
Which of the following is a potential advantage of MNCs for the global economy?
What is a common strategy MNCs use to enter new markets?
What is a common strategy MNCs use to enter new markets?
Which of the following is often considered one of the largest and most influential multinational companies in the world?
Which of the following is often considered one of the largest and most influential multinational companies in the world?
Flashcards
Multinational Companies
Multinational Companies
Companies that operate in multiple countries.
Large MNC
Large MNC
A significantly sized multinational company.
Influential MNC
Influential MNC
A multinational company with considerable power and effect.
Global impact
Global impact
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MNC influence
MNC influence
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Largest MNC
Largest MNC
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MNC operations
MNC operations
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Global Presence
Global Presence
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Worldwide impact
Worldwide impact
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Company influence
Company influence
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Study Notes
Multinational Companies (MNCs) and their Impact
- MNCs are companies operating in multiple countries.
- A potential benefit for host countries is technology transfer.
- A potential drawback is exploitation of local resources.
- MNCs contribute to economic development by creating jobs and boosting local businesses.
- A negative impact on local businesses is through providing lower prices due to economies of scale.
- A common criticism of MNCs is exploiting workers with low wages and poor conditions.
- MNCs can positively influence culture by introducing diverse products and services.
- A potential environmental concern is pollution and resource depletion.
- A cost-minimization strategy for MNCs is outsourcing production to countries with lower labor costs.
- MNCs can impact the political landscape by influencing local policies and regulations.
- MNC benefits for consumers include wider access to products and services.
- A contribution to global economic stability is diversifying investments across multiple countries.
- MNCs contribute to human capital development through education and training programs.
- Increased global trade and investment is a potential advantage.
- A common strategy to enter new markets is through forming joint ventures or partnerships with local companies.
- A prominent multinational company is Apple.
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Description
This quiz explores the role of multinational companies (MNCs) in today's global economy. It covers their benefits, drawbacks, and influence on local cultures, economies, and environments. Test your understanding of how MNCs impact job creation, technology transfer, and more.
