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Name one multinational company located in Ireland that you have studied and name one product that it manufactures - Leaving Cert Geography - Question 9B - 2020

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Question 9B

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Name one multinational company located in Ireland that you have studied and name one product that it manufactures. State where this multinational company is located... show full transcript

Worked Solution & Example Answer:Name one multinational company located in Ireland that you have studied and name one product that it manufactures - Leaving Cert Geography - Question 9B - 2020

Step 1

Name one multinational company located in Ireland that you have studied and name one product that it manufactures.

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Answer

One multinational company located in Ireland is Apple Inc. The product that it manufactures is the iPhone.

Step 2

State where this multinational company is located in Ireland and explain in detail why it set up at this location.

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Answer

Apple Inc. is located in Cork, Ireland.

Apple established its European operations in Cork due to several advantages:

  1. Skilled Workforce: Cork is home to a highly educated and skilled workforce, making it easier for Apple to recruit talent.
  2. Business-Friendly Environment: Ireland offers a favorable corporate tax rate of 12.5%, attracting foreign investment.
  3. Infrastructure: Cork has well-developed infrastructure, including transport links and communication networks, ensuring efficient operations.
  4. Access to European Markets: As a member of the EU, Ireland provides Apple direct access to the European market, facilitating trade with EU nations.
  5. Government Support: The Irish government actively promotes foreign direct investment, offering incentives that benefit companies like Apple.
  6. Quality of Life: Cork offers a high standard of living, which attracts employees and their families.

Step 3

Explain one reason why this multinational company might decide to locate to another country.

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Answer

One reason why Apple Inc. might decide to locate to another country is to reduce operational costs. Relocating to areas with lower labor costs and resource availability could significantly decrease production expenses, enhancing profit margins. Additionally, trade agreements and localized tax incentives in other regions may present financial benefits. This strategic move could also allow Apple to diversify its market presence and reduce dependency on a single location.

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