A merger is where two companies (usually the same size) agree to become one bigger company.
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TNCs: What are acquisitions?
An acquisition is where one company buys another (usually smaller) company.
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TNCs: Give a named example of a TNC.
Wal-Mart is a TNC. It is a retail TNC and first opened in Arkansas in the USA. Sam Walton was the founder. Wal-Mart has chains across the world, it has ASDA in the UK, Seiyu in Japan and Bompreco in Brazil.
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TNCs: How does this named TNC help to accelerate globalisation? (part I)
In the USA, Wal-Mart gives customers all they need in one building at low cost. They've successfully introduced this in other countries, e.g. ASDA now stocks more non-food items. This hasn't been successful in all countries.
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TNCs: How does this named TNC help to accelerate globalisation? (part II)
Wal-Mart as a brand as retained a local approach by buying local companies. Wal-Mart sells many products that are exactly the same all over the world. Selling the sam products globally helps to create common patterns of consumption between countries.
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TNCs: There are inequalities in Wal-Mart's Global Operation. Explain what these are.
Factories in China - workers earn less than $1 an hour, Factories in USA- workers earn the minimum wage of around $6 an hour. Headquarters in USA- executives earn hundreds of thousands of dollars every year.
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Other cards in this set
Card 2
Front
An acquisition is where one company buys another (usually smaller) company.
Back
TNCs: What are acquisitions?
Card 3
Front
Wal-Mart is a TNC. It is a retail TNC and first opened in Arkansas in the USA. Sam Walton was the founder. Wal-Mart has chains across the world, it has ASDA in the UK, Seiyu in Japan and Bompreco in Brazil.
Back
Card 4
Front
In the USA, Wal-Mart gives customers all they need in one building at low cost. They've successfully introduced this in other countries, e.g. ASDA now stocks more non-food items. This hasn't been successful in all countries.
Back
Card 5
Front
Wal-Mart as a brand as retained a local approach by buying local companies. Wal-Mart sells many products that are exactly the same all over the world. Selling the sam products globally helps to create common patterns of consumption between countries.
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