Discuss How Any Company Can Become a Multinational Company

question 16

Essay

Discuss how any company can become a multinational company.What are some of the options available to companies that allow them to use international markets and locations competitively?

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Definitions:

Income Effect

The change in consumers' purchasing power and consequently the quantity demanded of a good or service, prompted by a change in real income.

Opportunity Cost

Missing the chance to profit from several alternative options by deciding on one.

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate employees in many occupations.

Marginal Utility

The augmented enjoyment or usefulness that comes from the consumption of an additional unit of a product or service.