Business studies question (1 Viewer)

[vaniLLa_554]

Hey, I'm just a bit confused about the definitions of international, multinational and transnational busiesses. I've looked at different sources and they all have different meanings..

Could someone please give me a clear definition for all of them? Thanks =)

 

[zahid]

International business: Is a legal entity where ownership and production are based in one country, but exports goods and services to other countries.

Multinational business: Ownership is still restricted to one country, operation in more than one country.

Transnational business: has international ownership and operations.

 

[vaniLLa_554]

aww thanx
but are the transnational businesses managed from one base in their home country?

 

[zahid]

no they can be based anywhere.

 

[truly-in-bliss]

hey there:

in future, if u have ani biz studies related questions just pop in to the biz studies forum.

regards

lin

 

[vaniLLa_554]

okiez thanks for that