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Global Business

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Multinational/ Transnational companies Def

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Terms in this set (13)

Multinational/ Transnational companies Def

A company with its headquarters in one country and operations in two or more other countries

Reasons that MNC's are attracted to Ireland

Low CPR. Educated workforce. English speaking. IDA. Part of the EU

Benefits to Ireland for having MNC's

Higher employment rate. Tax revenue for government. Spin off businesses develop - to support the mnc. Top managers from abroad. Improved balance of payments

Drawbacks for Ireland for having MNC's

Competition for indigenous businesses. Too reliant/footloose. MNC's use skills to minimise tax liability. Repatriate profits. Political power.

Global companies def

Companies that have a brand name recognizable across the globe. They treat the world as one market place and try to satisfy common needs and wants. May adapt to country-specific needs at times