1.6 Glossary of key terms
Unit 1.6 - Glossary of key terms: Multinational Companies (MNCs) Key term Definition Corporation tax Refers to a type of direct tax imposed on the profits of a business by the domestic government. Diseconomies of scale Growth that is excessive results in inefficiencies and higher average costs of production, perhaps due to problems such as miscommunication, misunderstandings, and poor management of resources....