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Thank You for the invitation ... I will agree with the answers ... Variety of correct info and definitions that really covered your question .. Nothing to add!
A multinational corporation (MNC) is a corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgets that exceed those of many small countries.
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I am apologies to answer this question because it's not my specialist field
A multinational corporation (MNC) is a corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgetsthat exceed those of many small countries.
Nearly all major multinationals are either American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW. Advocates of multinationals say they create jobs and wealth and improve technology in countries that are in need of such development. On the other hand, critics say multinationals can have undue political influence over governments, can exploit developing nations as well as create job losses in their own home countries.
A multinational corporation or worldwide enterprise is an organization that owns or controls production of goods or services in one or more countries other than their home country. It can also be referred as an international corporation, a "transnational corporation", or a stateless corporation.
From the term "multinational", you get its meaning.
A company becomes a multinational organization when it operates in more than one country. By "operate", we mean run business; that is, produce completely (as defined in economics - to create and distribute to costumers). This is true for any type of company: a non-profit or profit-making organization, manufacturing or tertiary organization. Once the company's whole set-up is found in more than one country, then the company is a multinational.
Take note: Importing raw materials from abroad does not make a business become a multinational. Exporting finished products to foreign markets does not equally mean the business is a multinational. Even semi-finished products manufactured abroad and transported back to a business premises does not make that company a multinational. An organization must completely operate abroad, to be termed "multinational".
However, it is important to remember that, even though a business must have branches in different countries in order to be called multinational, that business must have a headquarter, which will supervise the activities of these branches.
Example of multinational organizations will include COCA COLA (headquarter, USA), Nestlé (headquarter, SWITZERLAND), United Nations Organization (headquarter, USA) and so on.
The word "Multi-national" itself defines an organization with huge turnovers being operated from different- different parts of the globe.
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In my opinion
can define this kind of companies