The Global business remains under the boundries of its own country but its scope becomes global and on the other side multinational business jumps the boundries of its home country and establish itself in other countries as well across the world. e.g. McDonald etc
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Factors that aid globalization include advancements in technology (such as the internet and transportation), liberalization of trade policies, increased connectivity between countries, and the rise of multinational corporations. These factors help facilitate the flow of goods, services, information, and people across borders, contributing to the interconnectedness of the global economy.
A franchise is a business arrangement in which one party (the franchisor) grants another party (the franchisee) the right to use its trademark or trade name, as well as certain business systems and processes, in exchange for fees or royalties. A multinational corporation, on the other hand, is a company that operates in multiple countries and has a centralized management structure. While a franchise can be a part of a multinational corporation, the key difference lies in the ownership and control of the business operations.
There is no difference. Only the company branches out further than the enterprise.
The income gap between rich and poor countries has widened.
Out sourcing is a media between consumers, customers and production unit. Globalization is liberalizing marketing/trade between number of countries.
Multinational is an organization between two or more countries while international organization for all countries such as The United Nations.
One operates within one country, while the multinational is based in two or more.
Multinational companieshave investment in other countries, but do not have coordinated product offerings in each country. More focused on adapting their products and service to each individual local market.WHERE,Transnational companiesare much more complex organizations. They have invested in foreign operations, have a central corporate facility but give decision-making, R&D and marketing powers to each individual foreign market.
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Mexico shares their pain, as they were also victims of such kind of rapacious exploitation. In fact, their Mexican Revolution (1910-1921) and the Mexican oil nationalization (1938) were in part the result of clashes between peasants and workers against the"multinational corporations" of the day.
Multinational corporations often exploit lower-cost labor in developing countries, contributing to income inequality between nations. They can also exacerbate environmental degradation in countries with weaker regulations, further perpetuating global disparities. Additionally, these corporations may engage in tax avoidance practices that deprive developing countries of much-needed revenue for social welfare programs.