Producing Goods and Services Foreign firms in Britain As well as British firms setting up abroad many foreign firms want to have offices and factories in Britain. These businesses benefit local areas, but there are also disadvantages. Below are a jumble of advantages and disadvantages of foreign firms setting up in Britain. Write the advantage or disadvantage in the correct column of the table on the next page. Local businesses gain from the increased money income of workers and increased Taxpayers’ used to attract spending by foreign firms. firms. to learn and New production techniques / skills develop skills. introduced e.g. Just in Time. paid / skilled jobs go to workers from the own country to begin business’ More jobs available in area. with. Higher Factories which are easy to set up may be just as easy to close down when the foreign firm sees advantages in other countries or products. Opportunities for greater incomes for workers with extra skills and/or promotion.
Producing Goods and Services Foreign firms in Britain As well as British firms setting up abroad many foreign firms want to have offices and factories in Britain. These businesses benefit local areas, but there are also disadvantages. Below are a jumble of advantages and disadvantages of foreign firms setting up in Britain. Write the advantage or disadvantage in the correct column of the table on the next page. Local businesses gain from the increased income of workers and increased spending by foreign firms. Taxpayers’ money used to attract firms. New production techniques / skills introduced e.g. Just in Time. to learn and develop skills. More jobs available in area. Higher paid / skilled jobs go to workers from the business’ own country to begin with. Factories which are easy to set up may be just as easy to close down when the foreign firm sees advantages in other countries or products. Opportunities for greater incomes for workers with extra skills and/or promotion.