Question

Identity 3 multinational corporations.

• Explain what makes each corporation multinational.
• Identify 2 or 3 strategies that contribute to the corporation's success.

Answer 1

Multinational corporation: The corporation which has Its production of goods and services atleast more than one country other than its parent country. There are other qualifications for this also includes that there must be atleast 25% share of coming from foreign countries.There are over 40,000 multinational corporations currently operating in the global economy.

The very important strategy used by multinational corporations is the

Differentiation of products. The difference in the product varies the demand for that particular product.

Innovation: The innovation always makes the difference. It may reduce the production cost or it may improve the quality of the good.

Leadership strategy: The leader of the company always helps the growth of the company.

Cost based strategy : The lower the cost of the product the more demand it will have. Cost based production alway Play its vital role in the Market.

Research and development: This strategy helps in long run for the corporation.

Answer 2

Multinational corporation: The corporation which has Its production of goods and services atleast more than one country other than its parent country. There are other qualifications for this also includes that there must be atleast 25% share of coming from foreign countries.There are over 40,000 multinational corporations currently operating in the global economy.

The very important strategy used by multinational corporations is the

Differentiation of products. The difference in the product varies the demand for that particular product.

Innovation: The innovation always makes the difference. It may reduce the production cost or it may improve the quality of the good.

Leadership strategy: The leader of the company always helps the growth of the company.

Cost based strategy : The lower the cost of the product the more demand it will have. Cost based production alway Play its vital role in the Market.

Research and development: This strategy helps in long run for the corporation.