This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Here are the answers to your questions: PART B: SHORT ANSWERS Q11: Similarities between a Multinational Corporation (MNC) and a Transnational Corporation (TNC): a)* Both operate in multiple countries. b)* Both aim to maximize profits globally. c)* Both have a global strategy for production and distribution of goods or services. Differences between a Multinational Corporation (MNC) and a Transnational Corporation (TNC): a)* An MNC typically has a centralized management structure, with decisions made primarily from its home country. A TNC has a decentralized management structure, distributing decision-making power among various national or regional offices. b)* MNCs often adapt products to local markets but maintain a strong national identity. TNCs integrate global operations while adapting to local conditions, often without a single national home base. c)* MNCs are often seen as having a parent company with foreign subsidiaries. TNCs are more complex, with integrated global operations and a less distinct national affiliation. Q12: Two advantages of Coca Cola as an MNC in PNG: a) Job creation:* Coca Cola Amatil provides employment opportunities for local people in manufacturing, distribution, sales, and related services within PNG. b) Economic development:* The company contributes to the PNG economy through tax payments, foreign direct investment, and by supporting local suppliers and infrastructure development. Q13: Some forms of labor exploitation: a) Child labor:* Employing children in work that deprives them of their childhood, potential, and dignity, and that is harmful to physical and mental development. b) Forced labor:* Any work or service exacted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily. c) Unsafe working conditions:* Exposing workers to hazardous environments or practices that can lead to injury, illness, or death. d) Underpayment or non-payment of wages:* Paying workers less than the legal minimum wage or failing to pay them for their work. e) Excessive working hours:* Requiring employees to work unreasonably long hours without adequate rest or fair compensation. PART C: EXTENDED QUESTIONS i. Globalisation: Globalization refers to the increasing interconnectedness and interdependence of countries worldwide. This involves the growing integration of economies, cultures, technologies, and governance through the cross-border flow of goods, services, capital, information, and people. ii. Trade Protectionism: Trade protectionism involves government policies and measures designed to restrict international trade. These policies, such as tariffs, import quotas, and subsidies, aim to protect domestic industries from foreign competition and support local employment. iii. Trade Union: A trade union is an organization formed by workers to protect and advance their common interests. Its primary goal is to improve wages, working conditions, benefits, and other employment-related issues for its members through collective bargaining with employers. iv. Briefly explain why it is important for every employee to be a member of a Trade Union. It is important for employees to join a trade union because unions provide collective bargaining power, allowing workers to negotiate better wages, benefits, and working conditions than they could individually. Unions also offer protection against unfair treatment, advocate for workplace safety, and provide legal support for members. v. Identify and list down some forms of labor exploitation. a) Child labor* b) Forced labor* c) Unsafe working conditions* d) Underpayment or non-payment of wages* e) Excessive working hours* Send me the next one 📸