Pros and cons of MNCs (Unit 3)

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  • Created by: Ovais
  • Created on: 07-04-13 00:28

Key term:

Multinational Company- a company that has operations all over the world

Advantadges of MNC's:

  • Cheaper labour costs- imortant since wages are a large part of production cost
  • Gaining a strong foothold  in international markets- linked with the need to gain economies of scale to remain competitive
  • Ability to take advantadge of the strengths of different countaries eg cheap labour or the availibility

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