1001

2. Explain the characteristics of retail co-ops. a. These are owned by consumers. b. Members enjoy savings on their purchases. c. Profits are distributed in the form of rebates. d.e.g shop for Seven Eleven workers' co-ops a. Members are workers,farmers,fishermen, etc. b. Sharing of marketing and production facilities. c. E.g. Farmers Co-op China

3. explain the benefits that the country will enjoy when a multi-national corporation(MNC) invests there. a. Employment. MNCs are welcomed because they provide jobs both directly as well as indirectly for people in the host countries. b. capital inflow. MNCs invest large sums of money in plant and machinery, equipment, land , buildings, etc,in the host country. c. Technology transfer. MNCs usually bring with them scientific knowledge, patented processes, and quality control methods that are new to people in the host country. d. training . MNCs train local people to do jobs that usually require higher levels of skills than that available in the host countries.