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Term of the Day multinational corporation (MNC) An enterprise operating in several countries but managed from one (home)country. Generally, any company or group that derives a quarter of its revenuefrom operations outside of its home country is considered a multinationalcorporation. There are four categories of multinational corporations: (1) a multinational, decentralized corporation with strong home country presence, (2) a global, centralized corporation that acquires cost advantage through centralized production wherever cheaper resources are available, (3) an international company that builds on the parent corporation's technology or R&D, or (4) a transnational enterprise that combines the previous three approaches. According to UN data, some 35,000 companies have direct ... Learn more about this term Usage Example IKEA is a multinational corporation with stores and offices across the globe, but its corporate headquarters is located in Sweden.

Featured Article How Businesses Use Social Media for Recruiting You can't go anywhere these days without being bombarded by social media. Whether you're reading an online article or shopping in the local mall, social...