answersLogoWhite

0


Best Answer

becouse it benefits consumers and workers worldwide by providing jobs and products around the world.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why are some corperation called multinational corporations?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What are some of the strategies Multinational corporations can use to make a profit by leveraging the growing consumer demand?

Leveraging consumer demand to make a profit by multinational corporations can be done by using competitive marketing and diversification.


What are some products that are produced of multinational corporations?

Products produced by multinational corporations vary widely, but would be based on similar principles of demand as would a company present in only one country. These can range from video games (ike Activision Blizzard and Nintendo) to clothing (like Aeropostale and Billabong) to food (like McDonalds).


Why do some governments allow sweat shops to exist?

When a country is very poor like, Sierra Leone the only choice for the government to boost the economy is to let Multinational Corporations into their country to give the people money.


What is the positive and negative impact of multinational company in host country?

A positive for the host country of a multinational company is that it provides jobs for the citizens of the host country and usually contributes to the growth of the economy. One of the negatives is that some multinational companies pay such low wages they are known around the world as sweatshops.


The advantages of working in a multinational company?

Some of the advantages of a multinational business are:Gaining a strong foothold into the international marketLow-cost locationsCheaper labor costsCheaper raw materials and distribution costsTaking advantage of the many tax breaks offered by foreign countriesAccess to new technologies and methodsAvailability of government grants

Related questions

What are some multinational companies?

Pretty much most big corporations now are multinational for example IBM Microsoft, GM Ford


What are some of the strategies Multinational corporations can use to make a profit by leveraging the growing consumer demand?

Leveraging consumer demand to make a profit by multinational corporations can be done by using competitive marketing and diversification.


What are the advantages and disadvantages of multinational corporation in the Philippines?

Some of the effects of multinational corporations entering the Philippines market include competition and the need to alter prices. The new corporations also provide more chances of employment for the qualified locals.


How does corporate lobbying work?

corperate lobbying is what the corporations and firms in the country try to take action and influence the government in some way in order to get interest or run for a campaign by the chairman of the corperation.


Examples of multinational corporation?

A Multi National Corporation (MNC) or Trans National Corporation (TNC), also called multinational enterprise (MNE), is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. The International Labour Organization (ILO) has defined "an MNC as a corporation that has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries".The first modern multinational corporation is generally thought to be the East India Company. Many corporations have offices, branches or manufacturing plants in different countries from where their original and main headquarters is located.Some multinational corporations are very big, with budgets that exceed some nations' GDPs. Multinational corporations can have a powerful influence in local economies, and even the world economy, and play an important role in Internaion Corporations are:Pepsi Co.Procter & GambleLever Brothers etc.


What are some products that are produced of multinational corporations?

Products produced by multinational corporations vary widely, but would be based on similar principles of demand as would a company present in only one country. These can range from video games (ike Activision Blizzard and Nintendo) to clothing (like Aeropostale and Billabong) to food (like McDonalds).


In many African countries have obtained mining rights and provided plants and technicians?

Multinational corporations have built factories and supplied technicians in some countries. To prevent these large corporations from gaining too much influence, some African governments own 51 percent of all key industries.


What makes primark TNC?

A multinational corporation (or transnational corporation) (MNC/TNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies. Multinational corporations play an important role in globalization; some argue that a new form of MNC is evolving in response to globalization: the 'globally integrated enterprise'.i got this from yahoo answers by the way.


Why do some governments allow sweat shops to exist?

When a country is very poor like, Sierra Leone the only choice for the government to boost the economy is to let Multinational Corporations into their country to give the people money.


Names of some multinational companies?

Monsanto


Golden straight jacket what this proverb means?

One of Friedman's theses says that individual countries must sacrifice some degree of economic sovereignity to global institutions (such as capital markets and multinational corporations), such a situation has termed as "golden straitjacket". Sugumar


What is trance national company?

multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. and proliferated after World War II. Typically, a multinational corporation develops new products in its native country and manufactures them abroad, often in Third World nations, thus gaining trade advantages and economies of labor and materials. Almost all the largest multinational firms are American, Japanese, or West European. Such corporations have had worldwide influence-over other business entities and even over governments, many of which have imposed controls on them. During the last two decades of the 20th cent. many smaller corporations also became multinational, some of them in developing nations. Proponents of such enterprises maintain that they create employment, create wealth, and improve technology in countries that are in dire need of such development. Critics, however, point to their inordinate political influence, their exploitation of developing nations, and the loss of jobs that results in the corporations' home countries.