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Price and Promotion Analysis of Multinational Companies
which may substitute for import. The way people perceive the product or the promotion, the way they motivate their choice or purchase the Tone in Mind is unique and L'Oreal Paris adapts many of its products elements in that way. In business culture we do not take into consideration emotions the changing processes do not happen in practice (Hargreaves, 1998). The customers of the host country are benefited by quality products in minimum cost. Though the part of the Russian accessories in the cost of the car is also insignificant (6 but in the long term this part will increase. (6) Foreign Exchange go outside the Country: The working of multinational company is a burden on the limited resources of developing countries. The parent company uses its own technology, brand, trademark and method of production. The process transnationalisation is characteristic for modern economy. Multinational companies are known as productive organizations. Investment in research and development in the main reason for the success of multinational companies.
"Influence of Culture on Multinational Companies.". From finance to marketing to HR. Conversational distance, touching, protecting traditional languages.0 Background.1 Elements of Culture Observed by Hofstede. The poor section of the society cannot buy their products. They enter the foreign market to produce and sell their products. Elimination of trade barriers Multinational companies play important roles in eliminating trade barriers and obstructions in international trade. Collectivism - Cultures are ranked on their orientation towards intersocietal relationships: Individualistic societies: loose ties, individual achievement and freedom - In social orientation the relative importance of the interests of the individual is high in the individualism and the interests of the individual take precedence. Minimum cost of production, the huge investment and mass production helps to minimize per unit cost of products because the fixed cost remains constant at any level of output. But, as professional business concerns, their main objective is to earn maximum profit. The present multinational companies involves in raw material dealing are crude oil, gas and mining companies. The main motive of such multinational companies is to expand their business at international level.