LG Electronics sells several different product lines around the world through home appliance and electronics stores. LG appliances and electronics have been historically made in Korea, where the company is headquartered. Recently, LG has been investigating the possibility of buying land and building a production plant in Texas, in the United States. LG is now operating as a(an) ______; however, if the plant is built in Texas, it will be operating as a(an) ______.

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LG currently operates as an exporter; but, if the plant is established in Texas, it will operate as a multinational enterprise.

What do you mean by exporter?

one who specifically exports: a wholesaler who sells to retailers or industrial customers abroad.

Who is regarded as the exporter?

The exporter is the individual or business that has been given permission by customs and government officials to send goods into another nation. The exporter may or may not be the company working on behalf of the actual seller of the products.

What constitutes a multinational company?

Any company with operations in two or more nations is referred to as a multinational corporation (MNC). These businesses frequently have their native nation as their central management location and maintain offices there as well. A corporation does not automatically become a multinational only by exporting products to be sold abroad.

What is an illustration of a multinational company?

Multinational companies like Apple, Amazon, Microsoft, McDonald's, and Volkswagen are examples. In order to grow their businesses and reach more clients, these corporations have their headquarters in one country but have divisions operating in numerous other nations.

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