Successful multinational corporations are those that can
A)acquire lower-cost raw materials or labor abroad
B)be the first entrant in large foreign markets
C)institutionalize the process of creating and transferring competitive advantages abroad
D)acquire the patent for new technology first from a foreign government

Question

Quizplus · Accepted Answer

Successful multinational corporations institutionalize the process of creating and transferring competitive advantages abroad, meaning they have a systematic approach to developing and utilizing their strengths in foreign markets. This allows them to maintain a competitive edge even in unfamiliar territories. Acquiring lower-cost raw materials or labor abroad or being the first entrant in large foreign markets can be advantageous, but these are not the defining characteristics of successful multinational corporations. Acquiring a patent for new technology first from a foreign government may be beneficial, but it is not a necessary condition for success.

Successful Multinational Corporations Are Those That Can