Q31. In 1983, when Stride arcolabs was set up, it only dealt with two states in India- West Bengal and
Bihar. In 1985, it started trading nationally and by 2000 company made its way through the
international market. Product used in cardiology was manufactured in 1987 and at that time,
Monotrate was one of the first products that was launched and went on to become a best seller. In
1993, Stride Pharmaceuticals Industries set up their own research institute STIRI. STIRI became
popular by generating knowledge and honing process development skills across the world. In 1994,
Stride Pharma enrolled itself in the main stock exchanges in India. Stride Pharmaceuticals shifted its
headquarters in Mumbai as it is at the centre of Indian commercial trade. The company began its first
international acquisition with an amount of 7.5 million US dollar, acquiring international pharma lab
in Detroit. Later on, the company introduced a few more treatment areas which include
crthopaedics, gynaecology and oncology.
(a) Identify the type of business enterprise highlighted by quoting the lines from above case.
(b) Explain any four features of the type of business enterprise identified in above question.
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Explanation:
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Answer:
The company is a global company (MNC)
Features:-
Huge Financial Resources
Advanced Technology
Improves Standard of Living
Growth of Domestic Firms
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