CHAPTER 61 GLOBALISATION

Question 1

Globalisation

Answer 1

From an economic perspective, the ever-increasing integration of the world’s local, regional and national economies into a single international market.

Question 2

Multinational company or multinational coporation or transnational corporation

Answer 2

A company with significant product operations in at least two countries.

Question 3

Transfer pricing

Answer 3

An account technique used by multinational companies for reducing taxes on profits by selling goods at a low price internally from a high-tax country to another part of the company in a low-tax country.