Explain what is meant by a 'Multinational Company' and state one example - Leaving Cert Business - Question 5 - 2013
Question 5
Explain what is meant by a 'Multinational Company' and state one example.
Example:
Worked Solution & Example Answer:Explain what is meant by a 'Multinational Company' and state one example - Leaving Cert Business - Question 5 - 2013
Step 1
Explain what is meant by a 'Multinational Company'
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A multinational company (MNC) is defined as a business organization that operates in more than one country. Typically, it will have its central headquarters located in one nation while maintaining numerous bases, branches, or subsidiaries in other countries. This structure allows the company to leverage diverse markets, optimize operational efficiencies, and access local resources and talent on a global scale.
Step 2
Example:
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Answer
An example of a multinational company is Hewlett Packard. It is headquartered in the United States and has operations and branches around the world, providing technology solutions and products to a global market.
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