Multinational firms possess production facilities in more than one country. While they may also export products, engage in joint ventures, license products, and employ foreign agents, the defining characteristic of a multinational firm is its presence and operation in multiple countries through production facilities or subsidiaries.

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Multinational Firms

Question 29

Multiple Choice

Multinational firms

A) export products to foreign countries.
B) are engaged in joint ventures with foreign firms.
C) possess production facilities in more than one country.
D) license their products to foreign distributors.
E) employ foreign agents to sell their products abroad.

Correct Answer: