Indigenous Firms (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Indigenous firms definition
Indigenous firms definition
Locally owned companies, founded & managed by Irish residents
Where indigenous firms reinvest profits
Where indigenous firms reinvest profits
Locally in Ireland
Who indigenous firms create jobs for
Who indigenous firms create jobs for
Irish citizens
Who indigenous firms support
Who indigenous firms support
Local suppliers
How indigenous firms affect local economy
How indigenous firms affect local economy
Stimulate it directly
Indigenous firms role in entrepreneurship
Indigenous firms role in entrepreneurship
Create role models, foster culture of innovation
Indigenous firms effect on FDI reliance
Indigenous firms effect on FDI reliance
Reduce dependence on multinational corporations
Economic stability benefit of indigenous firms
Economic stability benefit of indigenous firms
Less vulnerable to global market fluctuations
How indigenous firms improve balance of payments
How indigenous firms improve balance of payments
Export goods/services, bring in foreign currency
Example of an Irish indigenous firm
Example of an Irish indigenous firm
Kerrygold