Multinational corporation
Multinational Corporation
A Multinational Corporation (MNC) (pronunciation: /ˌmʌltɪˈnæʃənəl ˌkɔːr.pəˈreɪ.ʃən/) is a corporate organization that owns or controls the production of goods or services in at least one country other than its home country.
Etymology
The term "Multinational Corporation" is believed to have been coined in the late 20th century, during the period of globalization. It is derived from the prefix "multi-", meaning many, and "national", referring to nations or countries. The term "corporation" comes from the Latin word "corpus", which means body, and refers to a body of people who act as a single entity in business.
Definition
A Multinational Corporation (MNC) can also be referred to as an international corporation, a transnational corporation, or a stateless corporation. There are subtle differences between these terms, but they all refer to a company that operates in multiple countries.
Related Terms
- Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.
- Transnational Corporation (TNC): A corporation that has its operations in more than one country, not just where its headquarters and shareholders are located.
- International Business: Commercial transactions that occur across country borders.
- Foreign Direct Investment (FDI): An investment made by a firm or individual in one country into business interests located in another country.
See Also
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