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Multinational Company (MNC) (i) Name one multinational company operating in Ireland - Leaving Cert Geography - Question B - 2017
Question B
Multinational Company (MNC) (i) Name one multinational company operating in Ireland. (ii) Name one raw material used by this multinational company and name the cou... show full transcript
Worked Solution & Example Answer:Multinational Company (MNC) (i) Name one multinational company operating in Ireland - Leaving Cert Geography - Question B - 2017
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State where this multinational company is located in Ireland and explain in detail why it set up at this location.
Answer
Apple Inc. is located in Cork, Ireland.
Cork was chosen as the location for several reasons:
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Favorable Tax Environment: Ireland offers a competitive corporate tax rate of 12.5%, attracting multinational companies looking to maximize profits.
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Skilled Workforce: The city has a high concentration of educated individuals with skills in technology and business, providing a ready pool of talent for Apple.
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Proximity to European Markets: Being situated in Ireland allows Apple to easily access and operate within the European Union, facilitating market expansion.
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Investment in Infrastructure: The Irish government has invested significantly in infrastructure, ensuring that facilities like transport and communication are efficient and support business operations.
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Supportive Business Environment: Ireland’s government policies encourage foreign direct investment, providing incentives for companies like Apple to set up operations.