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Transational Coprpotations

In: Business and Management

Submitted By gracieisabellae1
Words 364
Pages 2
Transnational Corporations are businesses on a global scale. They are based on different countries in order to cut costs to their businesses Occupiers of TNC’s are GlaxoSmithKline and Phillip Morris international. GlaxoSmithKline are a pharmaceutical company that sell ¼ of the worlds pharmaceutical products. They are a monopoly (which can be seen as negative for competition in the smaller places) that sells 4 billion products a year. (Positive)They have a positive effect on the world’s health as they research and develop into many of the world’s largest infections and diseases. This research and development can have positives as new medicines can be developed in order to treat the world’s health. (in total 722 million pounds has been invested into CHD by the country to find cures.) Furthermore the company also donates 750 million products per year to the world’s poorest countries who can’t afford to buy basic medicine. (Negatives) However on the other hand, GlaxoSmithKline is a business who wants to make money out of peoples bad health it made 2282 million before tax last year and only sent 3% of that money into research and development where it could of spent far more into helping the ill through research and development. (Tobacco)
Furthermore Phillip Morris international produces tobacco and cigarettes – it sold 850 billion cigarettes in 2006. It is helping world health by researching and developing into new strands of tobacco that are healthier than normal ones in order to reduce the risks of tobacco on people’s health.(Positive – but is it entirely?) EXEMPLAR SCRIPT 6 – GCE GEOGRAPHY – GEOG1 13 of 13 On the other hand PMI has also been giving out ‘free test samples’ to customers thus incentivises people to buy their product – on the other hand the company had agreed to stop advertising of cigarettes and stop including children into their target market. (Reasons?) Overall TNC’s produce negatives and positives but the negatives come from wanting to make money of people’s ill health. (Doesn’t match tobacco section) Considers both pharmaceutical and tobacco TNC’s – seeks to discuss and positive and negative aspects are considered. Some support which could be better targeted to specific diseases and positives/negatives Level 2 12 m…...

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