Roger is the owner of a factory that makes cookies in Country F. The factory has been run by Roger’s family for over 80 years and is well known throughout Country F.In 2018, a multinational company (MNC) that also sells cookies from Country G opened a factory in Country F. Demand for Roger’s cookies fell, while demand for the competitor’s cookies rose rapidly. Roger made some redundancies in order to reduce costs.Identify the negative impact that Roger’s business experienced from the opening of the MNC. Increased pollutionLegal controls on productionUnsustainabilityReduced sales of local businesses
Question
Roger is the owner of a factory that makes cookies in Country F. The factory has been run by Roger’s family for over 80 years and is well known throughout Country F.In 2018, a multinational company (MNC) that also sells cookies from Country G opened a factory in Country F. Demand for Roger’s cookies fell, while demand for the competitor’s cookies rose rapidly. Roger made some redundancies in order to reduce costs.Identify the negative impact that Roger’s business experienced from the opening of the MNC. Increased pollutionLegal controls on productionUnsustainabilityReduced sales of local businesses
Solution
The negative impact that Roger's business experienced from the opening of the MNC is "Reduced sales of local businesses". This is because the text mentions that the demand for Roger's cookies fell while the demand for the competitor's cookies rose rapidly. This indicates that the sales of Roger's business, which is a local business, have reduced.
Similar Questions
A multinational company produces its goods domestically and then sells them overseas.Group of answer choicesTrueFalse
Today, doing business is not easy for businessmen, as they are not used to competition. In the past they were selling whatever .....(17)......produced and at their desired price. But, (18)... the competition has increased over the years, customers started to ....(19).....and choose. Imports have become.....(20)....available and that too at cheaper .......(21)...........
The number of multinational companies opening production facilities in Country M has risen.Identify a benefit of this for Country M.A decrease in competitiveness of domestic companiesA decrease in the unemployment levelA reduction in taxes paidRepatriation of profits
Fill in Blanks:………….. corporation produces in home country or in a single country and focusses on marketing these products globally and vice versa.Group of answer choicesb. Internationald. None of the abovec. Transnationala. Global
If a country differs from the rest of the world in taste patterns but not in production capabilities, the trade will lead to some international specialization in ___________.Select one:a.Productionb.Consumptionc.Productivityd.Techniques of production
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.