Multinational Corporations can be classified into four different types according to theOrganization and way of operationThe first type is (1) multi-domestic corporation that is a group of relatively (2)subsidiaries. The parent company delegates sufficient power to each (3 )to manage theproduction and marketing in the host country for the needs of local customers. This is a useful approach (4) there are distinct differences in the specific conditions of host countriesThe second type is the global corporations which (5 )under an opposite principlefrom the first type and views the world market (6) an integrated whole. Power and re-sponsibility are concentrated at the headquarters (7 )manage production and marketing to achieve the economies of scale as (8 )as possible.The third type, the transnational corporation, (9 )to combine the advantages of the(10) two ways of operation so as to achieve both efficiency and flexibility. The activitiesand resources of the transnational corporation are neither highly centralized as the second type (11) decentralized as the first type but are integrated in an interdependent network of affiliatesThe fourth type can be (12) as world companies as their national identities are blurredto a large (13). Very few companies, if (14). have reached this level of internationalization. But they will be great movers of economic globalization. It is interesting to imagine the situation on the globe with the increase and growth of world companies. When such companies become dominating, the possibility of( 15) among sovereign states may be greatly reduced. Possibly they will be instrumental to the realization of complete globalization
1.A.termed B. called C. referred D. described
2.A,independent B,dependent C.needy D.separate
3.A. country B. corporation C. subsidiary D. customer
4.A. whether B.when C.so D.since
5.A.operates B.produces C.sells D.transact
6.A.for B.with C.that D.to
7A. where B. they C, that D.to
8.A. many B. much C. large D.high
9. A. focuses B.relates C, lead D. aims
10.A. below B. before C. and D. not
11.A.nor B.or C.and D.not
12. A. taken in B. made up C. passed on D. referred to
13. A. sense B.extent C. depth D. length
14.A. some B.not C.any D.likely
15. A. conflicts B. quarrels C.battles D. wars
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