__________ is a corporate organization that owns or controls the production of goods orservices in at least one country other than its home country
Question
__________
is a corporate organization that owns or controls the production of goods or services in at least one country other than its home country.
Solution
The term you're looking for is "multinational corporation" (MNC). A multinational corporation is a company that has facilities and assets in at least one country outside of its home country. These enterprises usually have a centralized head office where they coordinate global management. MNCs can operate in various sectors, including manufacturing, services, and technology, and they often play a significant role in global trade and investment.
MNCs can leverage different markets for resources, labor, and processes, allowing them to optimize efficiency and profitability. Additionally, they can influence local economies and global markets through their vast operations, making them important players in international business dynamics. Examples of well-known MNCs include Apple, Coca-Cola, and Toyota.
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