TNCs offshoring and outsourcing Flashcards Preview

A Level Geography - Globalisation > TNCs offshoring and outsourcing > Flashcards

Flashcards in TNCs offshoring and outsourcing Deck (5)
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1
Q

Outsourcing

A

When a business makes a contract with an external organisation to move part of its work there rather than doing it within the company.

2
Q

Offshoring

A

When a company moves part of its operations to another country, usually because labour costs are low.

3
Q

Host country

A

The country that the company had been moved to and receives the work.

4
Q

Source country

A

The country where the business started.

5
Q

Glocalisation

A

When a company adapts its goods to appeal to the local market (eg McDonalds sells rice burgers in china because many people are vegetarians)