Multinational

A multinational, also known as a transnational corporation, is a company or enterprise that operates and conducts business in multiple countries. These organizations typically have facilities and subsidiaries in various nations, managing production, sales, and other operations across international borders. They often employ a diverse workforce and are involved in a broad range of industries, from manufacturing and technology to finance and retail. Multinationals play a significant role in global trade and have considerable influence on economic and political landscapes worldwide.

Multinational meaning with examples

• GlobalTech, a multinational technology corporation, has research and development centers in Silicon Valley, manufacturing plants in China, and sales offices throughout Europe and Asia. This widespread presence allows them to tap into diverse talent pools and cater to varied market demands effectively. This broad reach makes them a major player in the global tech industry.
• The multinational food conglomerate expanded its operations by acquiring local beverage companies in several African countries. This strategic move granted them access to new markets and resources, including locally sourced ingredients and a stronger consumer base. The expansion demonstrates the company's global ambition.
• A multinational pharmaceutical company has been criticized for setting different drug prices in developing nations, potentially impacting access to life-saving medications. Ethical considerations regarding equitable distribution and affordability often come to the forefront in the global health market.
• The multinational automotive manufacturer shifted its production to a lower-cost country to increase profitability, highlighting how multinationals are sometimes influenced by cost and global efficiency models, which can have economic and social implications for different regions.