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Multinational Company (MNC) (i) Name one multinational company that you have studied and state where it is located - Leaving Cert Geography - Question C - 2013

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Multinational Company (MNC) (i) Name one multinational company that you have studied and state where it is located. (ii) Describe and explain reasons for its prese... show full transcript

Worked Solution & Example Answer:Multinational Company (MNC) (i) Name one multinational company that you have studied and state where it is located - Leaving Cert Geography - Question C - 2013

Step 1

Name one multinational company that you have studied and state where it is located.

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Answer

One multinational company that I have studied is Toyota Motor Corporation, which is located in Toyota City, Aichi Prefecture, Japan.

Step 2

Describe and explain reasons for its present location.

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Answer

Toyota Motor Corporation is located in Toyota City for several reasons:

  1. Proximity to Resources: The region has access to a skilled workforce specializing in automotive manufacturing and engineering, which supports efficient production.

  2. Established Supply Chain: The presence of various suppliers and automotive parts manufacturers in the Aichi Prefecture facilitates a strong supply chain network, reducing transportation costs and delays.

  3. Research and Development: Toyota's location allows for robust R&D opportunities, enabling innovation and improvements in technology and manufacturing processes.

  4. Government Support: Local governments provide incentives and support for automotive companies, fostering a favorable business environment.

  5. Infrastructure: Well-developed transportation infrastructure, including highways and ports, enables efficient distribution of goods.

  6. Market Access: Being situated in Japan, Toyota benefits from access to one of the world's largest automotive markets, as well as opportunities for export.

  7. Company Culture: The presence of the company's headquarters in its home country reinforces its corporate culture and values, influencing operational practices.

  8. Strategic Partnerships: Collaborations with local universities and research institutions enhance innovation and workforce training.

  9. Environmental Standards: Toyota’s location allows them to comply with Japan's strict environmental regulations, driving sustainable practices in manufacturing.

  10. Brand Identity: Being synonymous with Japan’s automotive industry bolsters the brand's image and appeals to customers who value quality and innovation.

  11. Economic Factors: The economic stability and growth of the region provide a conducive environment for business expansion.

  12. Local Demand: High demand for vehicles within Japan creates a significant market for production, further solidifying its location in Toyota City.

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