multinational corporation

English - Turkish

Definition of multinational corporation in English Turkish dictionary

çokuluslu şirket

(Hukuk) çok uluslu ticari ortaklık

English - English

Definition of multinational corporation in English English dictionary

A multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies. Multinational corporations play an important role in globalization; some argue that a new form of MNC is evolving in response to globalization: the 'globally integrated enterprise'

Any corporation registered and operating in more than one country at a time, usually with its headquarters in a single country. A firm's advantages in establishing itself multinationally include both vertical and horizontal economies of scale (reductions in cost that result from an expanded level of output). Critics usually regard the multinational corporation as destructive of local economies abroad and as prone to monopolistic practices. See also conglomerate

mnc

Hyphenation

mul·ti·na·tion·al cor·po·ra·tion

Turkish pronunciation

mʌltaynäşınıl kôrpıreyşın

Pronunciation

/ˌməlˌtīˈnasʜənəl ˌkôrpərˈāsʜən/ /ˌmʌlˌtaɪˈnæʃənəl ˌkɔːrpɜrˈeɪʃən/