MGMT 1040 Chapter Notes -Relativism, The Body Shop
18 Mar 2014
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Document Summary
A multinational corporation (mnc) or enterprise (mne), is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. The international labor organization (ilo) has defined an mnc as a corporation that has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries. Some multinational corporations are very big, with budgets that exceed some nations" gdps. Multinational corporations can have a powerful influence in local economies, and even the world economy, and play an important role in international relations and globalization. Businesses look to go global for a variety of reasons including cheaper labor and low costs on health and safety standards. This ensures them higher profits and a higher competitive edge against their competitors. It also helps them provide goods to their consumers (in north america and beyond) at cheaper prices.
