Abstract
When reading about international business, you will encounter many terms describing a company
with significant international operations and presence. These include:
,, The internationally committed company is a fi rm with at least one majority-owned plant or a
joint venture abroad, but which is not represented in every major region of the world, e.g., Asia,
Europe, and the Americas. 1
,, The internationally leaning fi rm is one with foreign sales and possibly a representative offi ce and/
or a licensing agreement, but no ownership of foreign production sites. 2
,, The multidomestic fi rm is an enterprise with multiple international subsidiaries that are relatively
independent from headquarters.