May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part VI: The Industrial Sector
the company’s primary focus. Overseas operations were usually car-
ried out by wholly owned subsidiaries controlled by home country
nationals. By the 1980s, international corporations had evolved into
more globally oriented companies. While still maintaining a domes-
tic identity and a central offi ce in the country where it was incorpo-
rated, a multinational corporation now aims to maximize its profi ts
on a worldwide basis. The corporation is so large and extended that
it may be outside the control of a single government. Besides subsid-
iaries, a multinational corporation may have joint ventures with indi-
vidual companies, either in its home country or in foreign countries.
Global business does not function ...
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