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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Briefcase

Unit 2 - Human Resource Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

<ul>
	<li>📖 Definition: A company that operates or is registered in more than one country.</li>
	<li>💡 Did you know? The term &quot;multinational&quot; might sound super grand, but even a company operating in tiny countries like Luxembourg and Belgium can be a multinational!</li>
</ul>

<ul>
	<li>Often, they&#39;re the heavyweights in the business world. 💪</li>
	<li>Sometimes their revenue is so big, it surpasses the entire GDP of the countries they operate in! 🤑</li>
	<li>Cool Fact: Imagine a company earning more than the entire country it&rsquo;s in! That&#39;s like a single lemonade stand out-earning all the shops in a street. 🍋</li>
</ul>

Let&#39;s dive into the Four Fab Factors that have supercharged their growth:

<ul>
	<li>
	📱 Improved Communications

	<ul>
		<li>Think about it: From faster internet connections to vast transport networks, it&#39;s easier than ever to connect globally.</li>
		<li>Real-world example: Remember when getting a package from abroad would take weeks? With companies like DHL and faster communication tools, now we get them in days!</li>
	</ul>
	</li>
	<li>
	🌉 Dismantling of Trade Barriers

	<ul>
		<li>It&#39;s like removing the walls in a maze. Now, raw materials and products can move more freely between countries.</li>
		<li>Real-world example: Remember how avocados weren&#39;t available everywhere a while ago? Now, thanks to easier trade, you can enjoy guacamole almost anywhere! 🥑</li>
	</ul>
	</li>
	<li>
	💲 Deregulation of Financial Markets

	<ul>
		<li>Makes transferring funds between countries a breeze.</li>
		<li>Plus Point: Companies can also dodge (or avoid) some taxes. (But shh, don&rsquo;t say it too loud! 🤫)</li>
		<li>Real-world example: Ever noticed how easy it&#39;s become to send money abroad with apps like TransferWise? That&#39;s deregulation in action!</li>
	</ul>
	</li>
	<li>
	👑 Increasing Power of MNCs

	<ul>
		<li>Especially in countries that aren&#39;t super rich, these companies have some serious sway, both economically and politically.</li>
		<li>Real-world example: Ever heard how Starbucks or McDonald&rsquo;s can influence local business practices? In some places, they&#39;ve even influenced local laws!</li>
	</ul>
	</li>
</ul>

MNCs aren&#39;t just growing; they&#39;re soaring! With the world becoming a global village, the influence and power of these giants are bound to increase. Next time you buy from an MNC, just remember: there&#39;s a vast network, strategy, and world of decisions behind that single product. 🌐🚀

 
Happy Studying! And remember, the business world is as exciting as you make it. Dive deep, ask questions, and always stay curious! 🤓📚🌟

Secrets Behind Multinational Companies' Rapid Growth

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Higher Level

Business Management HL

Unit 1 - Introduction To Business Management - QB

Secrets Behind Multinational Companies' Rapid Growth

Table of content

What's a multinational company (MNC)? 🌍

Big deal about MNCs 💼

Unlock the Full Content!

Unit 1 - Introduction To Business Management - QB

Secrets Behind Multinational Companies' Rapid Growth

Table of content

What's a multinational company (MNC)? 🌍

Big deal about MNCs 💼

Unlock the Full Content!