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Examine the mobility of modern economic activities with reference to one multinational company that you have studied. - Leaving Cert Geography - Question B - 2015

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Examine the mobility of modern economic activities with reference to one multinational company that you have studied.

Worked Solution & Example Answer:Examine the mobility of modern economic activities with reference to one multinational company that you have studied. - Leaving Cert Geography - Question B - 2015

Step 1

MNC named

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Answer

For this examination, I will refer to Apple Inc. as the multinational company studied. Apple is a significant player in the technology sector, known for its innovative products and services.

Step 2

Examine the mobility of modern economic activities

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Answer

Modern economic activities exhibit significant mobility due to various factors including globalization, technological advancements, and market demands.

  1. Globalization: Companies like Apple have operations and supply chains that span across continents. This allows for the optimal location of manufacturing, assembly, and distribution processes, supporting increased efficiency and cost-effectiveness.

  2. Technological Advancements: With the rise of digital communication and cloud services, companies can operate from almost anywhere. Apple's ability to coordinate its global operations through advanced technology, such as project management and supply chain software, highlights this mobility.

  3. Market Demand: Apple’s economic activity reflects the need to respond to consumer preferences in different regions. The company frequently shifts its focus to emerging markets and adapts its offerings accordingly, demonstrating responsiveness to global economic conditions.

In summary, the mobility of economic activities in modern multinational companies like Apple Inc. is characterized by a strategic approach to global operations, leveraging technology and adapting to market conditions.

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