What is a multinational company (MNC)?

• A company that operates exclusively in its home country.

• A company that does business in several countries.

• A non-profit organization that works globally.

• A local business that serves a single community.

Which of the following is NOT an example of a multinational company?

• Apple

• Amazon

• A local grocery store

• Microsoft

What do MNCs usually consist of?

• A subsidiary company in a foreign country.

• A franchise in a foreign country.

• A parent company in a home country.

• A partnership with local businesses.

What does a Global strategy imply in the context of MNC strategies?

• Tailoring products and marketing to each country's preferences

• Using different products and marketing strategies in each region

• Applying the same product and marketing strategy worldwide

• Focusing on a single national market

What is an example of a company that uses a Global strategy?

• McDonald's

• Samsung

• Apple

• Local grocery store

What characterizes a Multinational strategy?

• Standardizing products for all markets

• Using the same marketing strategy in every country

• Adapting products and marketing to the customs, tastes, and buying habits of different national markets

• Exporting products without any modifications

Which company is given as an example of one that employs a Multinational strategy?

• Apple

• McDonald's

• Google

• Amazon

What strategy do many restaurant chains use when doing business in other countries to cater to local tastes?

• Global standardization strategy

• Multinational strategy

• Transnational strategy

• International strategy

What is one of the benefits of international business for consumers according to the learning material?

• Limited selection of products

• A large amount of goods available

• Higher prices for goods

• Decreased product variety

How does international business contribute to career opportunities?

• It reduces the number of jobs available

• It limits career growth

• Career opportunities expand as a company does business in a variety of countries

• It offers careers only in domestic markets