Edexcel GCE Geography Unit 1: Topic 2 - Going Global (TNCs)

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TNCs: What are mergers?
A merger is where two companies (usually the same size) agree to become one bigger company.
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TNCs: What are acquisitions?
An acquisition is where one company buys another (usually smaller) company.
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TNCs: Give a named example of a TNC.
Wal-Mart is a TNC. It is a retail TNC and first opened in Arkansas in the USA. Sam Walton was the founder. Wal-Mart has chains across the world, it has ASDA in the UK, Seiyu in Japan and Bompreco in Brazil.
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TNCs: How does this named TNC help to accelerate globalisation? (part I)
In the USA, Wal-Mart gives customers all they need in one building at low cost. They've successfully introduced this in other countries, e.g. ASDA now stocks more non-food items. This hasn't been successful in all countries.
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TNCs: How does this named TNC help to accelerate globalisation? (part II)
Wal-Mart as a brand as retained a local approach by buying local companies. Wal-Mart sells many products that are exactly the same all over the world. Selling the sam products globally helps to create common patterns of consumption between countries.
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TNCs: There are inequalities in Wal-Mart's Global Operation. Explain what these are.
Factories in China - workers earn less than $1 an hour, Factories in USA- workers earn the minimum wage of around $6 an hour. Headquarters in USA- executives earn hundreds of thousands of dollars every year.
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Card 2

Front

An acquisition is where one company buys another (usually smaller) company.

Back

TNCs: What are acquisitions?

Card 3

Front

Wal-Mart is a TNC. It is a retail TNC and first opened in Arkansas in the USA. Sam Walton was the founder. Wal-Mart has chains across the world, it has ASDA in the UK, Seiyu in Japan and Bompreco in Brazil.

Back

Preview of the back of card 3

Card 4

Front

In the USA, Wal-Mart gives customers all they need in one building at low cost. They've successfully introduced this in other countries, e.g. ASDA now stocks more non-food items. This hasn't been successful in all countries.

Back

Preview of the back of card 4

Card 5

Front

Wal-Mart as a brand as retained a local approach by buying local companies. Wal-Mart sells many products that are exactly the same all over the world. Selling the sam products globally helps to create common patterns of consumption between countries.

Back

Preview of the back of card 5
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