Final answer:
International, global, and multidomestic companies are all types of multinational corporations, but they have different approaches to operating in multiple countries.
Step-by-step explanation:
International, global, and multidomestic companies are all types of multinational corporations, but they have different approaches to operating in multiple countries.
International companies
International companies operate in multiple countries and have a centralized management structure. They have a global presence, but their operations in different countries may vary to adapt to local regulations and preferences. An example of an international company is Coca-Cola, which has a strong global brand but adjusts its products and marketing strategies in different countries.
Global companies
Global companies have a standardized approach to their operations across countries. They have a unified strategy and offer consistent products or services worldwide. Examples of global companies include McDonald's and Nike, which maintain a uniform brand image and customer experience across different countries.
Multidomestic companies
Multidomestic companies decentralize their operations and give autonomy to each country subsidiary to adapt to local markets. They customize their products, marketing, and operations according to the specific needs of each country. Procter & Gamble is an example of a multidomestic company, as they have different product portfolios and marketing strategies for different countries.