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Introduction

The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation, access to cheaper labour and resources, similarity of consumer demand around the world, and advances in technology and communication has widened the market of consumption, investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around the world thus as a response many companies decided to expand their operation across national borders in order to be competitive. A company that operates their business in at least one country other than its country is called Multinational Corporation (MNC). According to Claus (1998) the two fundamental differences between the domestic and international company are the spread of geographic location of the company’s operations and the nature of multiculturalism. The number of MNC is......

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Approximate Word Count: 4502
Approximate Pages: 19 (250 words per double-spaced page)

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