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The marketing department of a multinational company wishes to expand its product sales into a new overseas market. What factors do they need to take into account?  

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Module: International Business Word Count: 1998 Student ID Table of Contents Introduction - MNCs .....................................................................3 The Macro Environment...................................................................3 Political Factors.............................................................................3 Economic Factors..........................................................................4 Sociocultural Factors......................................................................4 Technological Factors.....................................................................4 Legal Factors..............................................................................5 Environment Issues......................................................................5 The Internal Environment...............................................................5 Market Research..........................................................................5 Porter's Five Forces......................................................................6 Conclusion................................................................................6 Product - Air Travel....................................................................7 Market - Guatemala......................................................................7 Political Factors.........................................................................7 Economic Factors.....................................................................8 Sociocultural Factors.................................................................8 Technological Factors...............................................................8 Market Research......................................................................8 Porter's Five Forces..................................................................8 Conclusion.............................................................................8 The marketing department of a multinational company wishes to expand its product sales into a new overseas market. a) What factors do they need to take into account? Introduction - Multinational Company Economists are not in agreement as to how multinational or transnational corporations should be defined. Multinational corporations have many dimensions and can be viewed from several perspectives (ownership, management, strategy and structural). According to Franklin Root (1994), an MNC is a parent company that: 1. engages in foreign production through its affiliates located in several countries, 2. exercises direct control over the policies of its affiliates, 3. implements business strategies in production, marketing, finance and staffing that transcend national boundaries (geocentric). In other words, MNCs exhibit...

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