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Working for Multinational Companies vs. Sole Traders

Question

Discuss whether most people would prefer to work for a multinational company (MNC) or a sole trader.

Category:

Firm Behavior and Strategies

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Preview Answer

I. 🍃Introduction
- Brief explanation of the topic

II. Reasons to work for an MNC
- High profits
- Benefits from economies of scale
- Lower costs enable them to pay high wages
- Good fringe benefits
- Opportunity for training and working with advanced technology
- Opportunity for promotion and working in another country
- More likely to provide stable employment

III. Reasons to work for a sole trader
- Friendlier environment
- More contact with the employer
- Less exploitation of worker's rights
- More say in decision-making
- Greater sense of job security
- More responsibility and range of tasks
- Closer proximity to home and lower costs of travelling to work

IV. 👉Conclusion
- Summary of the reasons to work for an MNC and a sole trader
- Personal preference and individual circumstances may influence the decision
- Importance of considering the pros and cons before making a decision.

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