FIN 4110

Clemson University FIN 4110 Exam 1 with complete solution 3 Functions of Money 1. Medium of exchange 2. Unit of account 3. Store of value Multinational Corporation a company with production and distribution facilities in more than 1 country Reasons to globalize find new markets; lower costs; utilize different resources/materials Raw Material Seekers the earliest multinationals; exploit markets in other countries Market Seekers produce and sell in foreign markets (ex. IBM, McDonald...

Clemson University FIN 4110 Exam 1 with complete solution 3 Functions of Money 1. Medium of exchange 2. Unit of account 3. Store of value Multinational Corporation a company with production and distribution facilities in more than 1 country Reasons to globalize find new markets; lower costs; utilize different resources/materials Raw Material Seekers the earliest multinationals; exploit markets in other countries Market Seekers produce and sell in foreign markets (ex. IBM, McDonald...