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Flashcards in TNC's Deck (9)
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1

What does TNC stand for?

Trans-national corporation

2

What is a TNC?

A company that acts in more than one country.

3

What is glocalisation?

When a company re-styles its product to suit local tastes, could incorporate using local products.

4

What is outsourcing?

When work is contracted out to another company

5

What is offshoring?

When a company does work overseas, either itself or using another company.

6

How much of the worlds economic activity do the top 200 TNC's account for?

25%

7

Why are TNC's vital to the spread of globalisation?

Their expansion involves the free flow of capital, labour, goods and services.

8

Three factors that have led to the increase of TNC's have spread globalisation?

Global production networks, glocalisation and the development of new markets.

9

How many people do Wal-Mart Stores employ?

2,300,000