... to consider how significant these savings will be to a large TNC. Although any savings in costs will be important to a company wanting to make maximum profits, considering the scale of business that a TNC will be conducting, transaction costs will only represent a very small proportion of all costs and may be deeming far less important than other costs such as the costs of land, capital and labour in the Eurozone. If, for example the TNC chose to invest instead in a developing country such as China, though there would be transaction costs between here and other countries, the savings that could be made in other areas could definitely outweigh the transaction costs. It is also important to consider what volume of trade the TNC shall be doing within the Eurozone and what proportion will be out of the Eurozone. If a far greater proportion is being done ...

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