Some economists (1)_____ between the international firm and the multinational company in the following way: the "international firm" is a term that (2)_____ enterprises with various degrees of world orientation in their business; (3)_____, the "multinational company" is one type of international firm. The international firm engages in any activity or (4)_____ of activities from exporting, importing and licensing to full scale manufacturing in a number of countries. The international (5)_____ of such a company varies from the point at which overseas sales and profits take on importance and top management begins to (6)_____ some attention to them to the stage (7)_____ the company is globally oriented in its marketing, production, (8)_____, and other decisions and considers alternative opportunities around the world.
When a company reaches the latter stage, it becomes (9)_____. Thus, the multinational company is one type of international company. It is a (10)_____ developed international company with a deep worldwide involvement and a global (11)_____ in its management and decision making. More (12)_____, the multinational company in manufacturing does business in a number of countries; it has a substantial commitment of its resources in international business; it (13)_____ international production in a number of countries; and it has a (14)_____ perspective in its management. Significant (15)_____ exist among multinational companies. First, such a company may not (16)_____ do business in every region and country in the world, (17)_____ it considers opportunities throughout the world. Second, it has a (18)_____ portion of its assets invested in international business; (19)_____ it makes a substantial part of its sales and earns a considerable part of its (20)_____ overseas.

A. recognize
B. distinguish
C. discover
D. detect