A Multinational Corporation (MNC) is a business that operates in more than one country. It manages production, sales, or services across different international borders. These companies usually start in developed countries and set up branches in other nations to reach new customers, find affordable labor, or access natural resources.

Key features include:

• They possess significant financial, technological, and managerial resources.
• They organize their activities globally to reduce costs and improve efficiency.
• They must follow different legal rules and regulations in every country where they operate.
• They play a major role in international trade, investment, and sharing new technology.
• They are accountable to multiple governments and groups with different expectations.
• They can have both positive and negative impacts on local economies, such as creating jobs or profit repatriation, where profits are sent back to the company’s home country.