Flashcards in TNC's Deck (9)
What does TNC stand for?
What is a TNC?
A company that acts in more than one country.
What is glocalisation?
When a company re-styles its product to suit local tastes, could incorporate using local products.
What is outsourcing?
When work is contracted out to another company
What is offshoring?
When a company does work overseas, either itself or using another company.
How much of the worlds economic activity do the top 200 TNC's account for?
Why are TNC's vital to the spread of globalisation?
Their expansion involves the free flow of capital, labour, goods and services.
Three factors that have led to the increase of TNC's have spread globalisation?
Global production networks, glocalisation and the development of new markets.