Final Project on Mnc

8557 Words Apr 19th, 2011 35 Pages
Acknowledgement

First of all, we would like to thank our parents who have always been there as our strength, allowing us to stay in university so that we can work efficiently. We are grateful for their co-operation and support. We especially like to thank venerated Ma’am Naseem Bukhari for her support and precious time she has given us. We would also like to thank our esteemed seniors who were there all the time helping us and solving our problems. We owe a lot to the administration of IBA. Last but not the least our group members have worked their heart out for this presentation… THANKS TO ALL!!!

Table of Contents Acknowledgement 4 International business
…show more content…
A multinational corporation is able to take advantage of special economically advantageous opportunities that exist in the countries where it operates, such as a low labor cost or favorable rate of currency exchange.”
According to Political Dictionary:
“When clear managerial coordination and control together with some element of ownership link legally distinct businesses operating in several countries, the result is a multinational corporation (MNC).”
“A commonly accepted definition of MNC is an enterprise at least 25% of its world output outside of its country of region.”
According to Franklin Root an MNC is a parent company that 1. Engages in foreign production through its affiliates located in several countries. 2. Exercises direct control over the policies of its affiliates. 3. Implements business strategies in production, marketing. Finance and staffing that transcend national boundaries.
Introduction
International business has evolved from the simple idea of trade-the importing and exporting of the products of various areas-into a complex system in which multinational corporations (such as the American-based IBM, the Japan-based Matsushita, or the Canada-based Massey-Ferguson) play a major economic role in a worldwide context, often with far-reaching political and social implications.
History
* MNC originally originated early in the 20th century and

More about Final Project on Mnc