Which term describes Irish-owned firms that are established and operating in Ireland?

Which term describes Irish-owned firms that are established and operating in Ireland?

• A. Transnational companies
• B. Indigenous firms
• C. Multinationals
• D. Local firms

Answer: (B)

Ownership and origin determine the best label. Indigenous firms are locally owned and originate in the country where they operate, meaning they were established and are run by residents of that country. So Irish-owned firms that are established and operating in Ireland fit this description precisely. Transnational companies and multinationals describe firms that do business across borders and often have significant influence or ownership from outside the country, which isn’t implied by “Irish-owned and operating in Ireland.” Local firms focuses on being in a particular area, but doesn’t specify ownership, so it isn’t as precise about being Irish-owned.

Ownership and origin determine the best label. Indigenous firms are locally owned and originate in the country where they operate, meaning they were established and are run by residents of that country. So Irish-owned firms that are established and operating in Ireland fit this description precisely.

Transnational companies and multinationals describe firms that do business across borders and often have significant influence or ownership from outside the country, which isn’t implied by “Irish-owned and operating in Ireland.” Local firms focuses on being in a particular area, but doesn’t specify ownership, so it isn’t as precise about being Irish-owned.