Globalisation - International division of labour
15 important questions on Globalisation - International division of labour
What is a transnational(/multinational) corporation (TNC)?
What is a supply chain?
What are intermediate goods?
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What is a profit?
Whats a revenue?
What do we call the area where a company sells its products?
How do TNC's increase globalisation?
What made it possible to spread different steps of the supply chain over different countries?
Why would a TNC offshore its manufacturing activities?
Why would a TNC explore new sales markets?
What steps is the production of goods split up in?
manufacturing
distribution & sales
Why do TNC's often choose to do some parts of the manufacturing process in other parts of the world?
Why have companies expanded their sales across the borders of their own country?
What does the international division of labour generally look like?
NIC's: manufacturing, collect intermediate goods & assemble them
MEDC's: marketing & sales of products, R&D and design of products
Why do MEDC's often make up large parts of the sales market?
The question on the page originate from the summary of the following study material:
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