Chapter 10/11: TNCs and Retail Geography

Question 1

Why did Walmart fail globally?

Answer 1

people were used to shopping in small shops for each thing they wanted, not a giant store
bulk shopping not good in countries with small houses

Question 2

Three types of TNC units

Answer 2

corporate/regional headquarters
research and development facilities
transnational operating units

Question 3

Vertical integration model

Answer 3

company owns all parts of the manufacturing process including raw materials

Question 4

Franchising

Answer 4

person pays for licensing of product but they run the store and make the profit

Question 5

Central Place Theory (Walter Christaller)

Answer 5

looked at distances people were willing to travel for goods

there has to be a minimum level of business for a location to survive

Question 6

What are the top 3 global retailers by sale?

Answer 6

Walmart
Costco
Kroger

Question 7

What did Tesco do in South Korea?

Answer 7

subway station ordering
people bartering in aisles
really localized produts
joint venture with Samsung to have their recognizable name first

Question 8

Malls

Answer 8

enclosed, privately owned groupings of shops like European streets

Question 9

Online retail benefits

Answer 9

less space to maintain less employees, less shoplifting

Question 10

Online retail cons

Answer 10

sometimes not delivered, people can’t try stuff on, hassle to return

Question 11

How is Target approaching small scale businesses?

Answer 11

urban settings with not as many products in smaller spots

targeting young people