Question: Define a multinational corporation [MNC]. Then explain the difference between (i) the globalization of markets and (ii) the globalization of production. Explain the nature and

Define a multinational corporation [MNC]. Then explain the difference between (i) the globalization of markets and (ii) the globalization of production.

Explain the nature and the advantages of the following strategic alternatives:

International strategy:

Multidomestic strategy:

Global strategy:

Transnational strategy:

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