An enterprise operating in several countries but managed from one (home) country. Generally, any company or group that derives a quarter of its revenue from operations outside of its home country is considered a multinational corporation.
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.
Use this term in a sentence
If you want your product to grow you can turn your business into a multinational corporation to find many new customers.
If you want your product to grow you can make it a multinational corporation to open up many opportunities for you.
It was a big step up for Jim when he left the small family business to work as an actuary for a big, multinational corporation, since they wanted him to do lots of traveling.