MNC - Multinational companies - companies that operate in two or more countries.
MNC pros
access to more customers so increased sales
economies of scale
risks are spread internationally
MNC cons
language barrier
culture shock
high transportation costs
MNC positive impact on host countries
increases jobs and decreases unemployment
introduces new products and skills
increases competition
adds to their GDP
MNC negative impact on host countries
uses it limited resources
may drive out local businesses
hard to control their activities
Tariff - taxes on imported goods
Quota - limits on value or volume of imported goods