Pros and cons of MNCs (Unit 3)

Key term:

Multinational Company- a company that has operations all over the world

Advantadges of MNC's:

• Cheaper labour costs- imortant since wages are a large part of production cost

• Gaining a strong foothold  in international markets- linked with the need to gain economies of scale to remain competitive

• Ability to take advantadge of the strengths of different countaries eg cheap labour or the availibility…