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List and Explain Three Strategic Motives Why Firms Could Become

question 53

Essay

List and explain three strategic motives why firms could become multinationals and give an example of each.


Definitions:

Real World

Refers to actual events, scenarios, and dynamics occurring in societies and economies, not based on theoretical models or simulations.

Standard Set

A set of uniform criteria, guidelines, or benchmarks established by a regulatory authority or industry to ensure quality, consistency, and compatibility.

Economic Questions

Fundamental queries that address how a society decides on what to produce, how to produce, and for whom to produce, reflecting the allocation of resources.

Assumptions

Assumptions are a set of initial conditions or premises often used as the starting point for a theory, strategy, or calculation.

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