In essence,this definition pays more attention on the importance of strategic and organizational integration and,thereby,management integration of operations located in different countries iS regarded as the key differentiating characteristic of an MNC. What really differentiates t the MNC is that it creates an internal organization to carry out key cross-border tasks and transactions internally rather than depending on trade through the open marketsƒ In essence, this definition pays more attention on the importance of strategic and organizational integration and, thereby, management integration of operations located in different countries is regarded as the key differentiating characteristic of an MNC. ƒ What really differentiates the MNC is that it creates an internal organization to carry out key cross-border tasks and transactions internally rather than depending on trade through the open markets