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Wal-Mart: TNCs and Global Interactions

KEY WORDS TNC a company that operates in many different countries regardless of national boundaries. The HQ is usually found in a MEDC. Outsourcing is when a business obtains services or products used in manufacturing from an outside (often overseas) supplier/manufacturer in order to keep costs low. Offshore Company conduct most of their business outside of the country that they have their HQ Push production when manufacturers of a product decide what to produce, the quantity and the cost of the product Pull production when retailers decide what a manufacturer will produce, the quantity and cost of the product Shareholder an individual/company that own any part (stock/shares) in a company Big-Box Retailer store that occupies an enormous amount of physical space and offers a variety of products to its customers, focusing on large sales volumes. Because volume is high, the profit margin for each product can be lowered, which results in very competitively priced goods. Producer person, company, or country that makes, grows, or supplies goods or commodities for sale Supplier someone whose business is to provide a particular service or good Consumer a person who purchases goods/services for personal use Globalised Production be sure to include specific examples (locations, situations, monetary values) Benefits Costs

Producer/ Supplier

Consumer

Explain how Wal-Mart has gained its power (size, economic dominance)

Local Economy Specific towns/cities

National Economy USA/China Explain how can Wal-Mart keep the prices of their products so low?

Homogenisation of Landscapes description and evidence of how TNCs make urban landscapes look uniform/the same? Commercial activity Outsourcing SEEP it (social, economic, environmental, political) Advantages Disadvantages Economic Structure Construction Style Infrastructure

Explain how TNCs have played a part in the growth of consumer culture

http://www.pbs.org/wgbh/pages/frontline/shows/walmart/view/

Wal-Mart: TNCs and Global Interactions


Comparison of Nation-States and TNCs The nation-state is a state that self-identifies as deriving its political legitimacy from serving as a sovereign entity for a country as a sovereign territorial unit. The state is a political and geopolitical entity; the nation is a cultural and/or ethnic entity. The term nation-state implies that the two geographically coincide. To complete this activity, use the following links along with your Global Interactions Textbook pages 192-196 The Dominance of TNCs The Wealth of TNCs The Wealth of Nations

Using named examples, locations and statistics, make notes on the strength of TNCs. How have they become more dominant than some countries?