Multidomestic company (MDC) - ️️An organization with multicountry affiliates, each
of which formulates its own business strategy based on perceived market differences
Foreign business - ️️The operations of a company outside the home or domestic
market
Global company (GC) - ️️An orga...
IMS 3310 Test I
Multidomestic company (MDC) - ✔️✔️An organization with multicountry affiliates, each
of which formulates its own business strategy based on perceived market differences
Foreign business - ✔️✔️The operations of a company outside the home or domestic
market
Global company (GC) - ✔️✔️An organization that attempts to standardize and integrate
operations worldwide in most or all functional areas
International company (IC) - ✔️✔️Either a global or multinational company
International business - ✔️✔️Domestic, foreign, and international forces
Domestic business - ✔️✔️Deals with the domestic market, faces foreign competition in
domestic market
Environment - ✔️✔️All forces surrounding and influencing the life and development of
a firm
International business - ✔️✔️A business whose activities are carried out across
national borders
Uncontrollable forces - ✔️✔️External forces over which management has no direct
control, although it can exert influence
Controllable forces - ✔️✔️Internal forces that management administers to adapt to
chances in the uncontrollable forces
Competitive forces - ✔️✔️Competitors, their number, locations, activities
Distributive forces - ✔️✔️Agencies available for distributing goods and services
Economic forces - ✔️✔️GNP, GNI, unit labor cost
Socioeconomic forces - ✔️✔️Characteristics and distribution of populations
Financial forces - ✔️✔️Interest and inflation rates, taxation, etc.
Legal forces - ✔️✔️Laws governing international operations of MNCs
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