Common practices of include exploiting the distinctive economic assets of different countries and regions, organizing production according to a spatial division of labor, placing earnings in offshore bank accounts to avoid paying taxes, and moving factories from high wage regions to low wage regions. *

Transnational corporations.

Explanation:

A transnational corporation can be defined as a formal company or business enterprise that has its headquarter in its home country and operate subsidiaries which are partially or wholly owned by it, in other countries across the world.

A transnational corporation must have at least one (1) subsidiary in another country or must have its operations in at least two (2) countries.

Common practices of transnational corporations include exploiting the distinctive economic assets of different countries and regions, organizing production according to a spatial division of labor, placing earnings in offshore bank accounts to avoid paying taxes, and moving factories from high wage regions to low wage regions.

Some examples of transnational corporations are Nestle, McDonalds, Unilever, Shell, Mtn, etc.

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