In: Economics
1. Identify (5) five global corporations. State its similarities and differences as multinational companies. (i.e. Google, Microsoft, Samsung, etc.)
2. In simple terms, how does a global corporation does help a country in the current pandemic situation?
Amazon, Apple, Google, Microsoft and Samsung , leading corporations in the world.Amazon is the leading consumer service corporation in the world, whereas Apple, Google, Microsoft and Samsung are the top technology corporation in the world.They have almost similar type of strategies. The prime among them are maintain consumer loyality , reputation and capturing market share.Even Apple, Microsoft and Samsung are competitive corporations. The companies employees skilled labours and giving predominant priority to innovations.For instance, Apple and Samsung are rival and competitive companies. Apple always provides high priced products and maintain a special layer of income class peoples, where as Samsung provides both economy and prime model catering the needs of everyone.As we all known, Amazon is the top corporation that provides online pro ducts. The company is facing competitions from rivals. But with flexible policies and additional benefit services and better customer services the company retained the name.
These global corporations with its mighty econmic power can help any country during the time of emergencies as if now all countries are facing Covid-19 pandemic situation. Through flexible pricing and marketing strategies, the corporations can provide relief for customers by providing low priced product during pandemics.The corporations can also invest more during the time of emergencies to help the countries. The corporations also stood with governments in the fight against Covid-19. The corporations also extended financial support for governments and to help acheiving sustainable development covid 19 plans. The corporations supported the anti poverty and unemployment polices if governments.