multinational corporation (MNC)

A multinational corporation (MNC) is an organization that operates in multiple countries around the world. MNCs generally create or acquire businesses in other countries to increase both their product offerings and their global presence. They may operate globally in an effort to reduce taxes, increase profits, and gain access to resources or new markets. They may also provide employment and offer goods or services to diverse cultures. MNCs often bring technological innovations and knowledge to target markets, benefiting consumers, investors, and host countries.