MULTINATIONALS Meaning and
Definition
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Multinationals refer to large corporations or companies that operate and conduct business in multiple countries around the world. These companies have significant subsidiaries, branches, or divisions in various nations, which enables them to engage in international trade and expand their operations globally.
One distinctive characteristic of multinationals is their ability to adapt to different market conditions and cultural contexts in diverse countries. They often possess extensive resources and infrastructures, enabling them to leverage economies of scale and take advantage of international markets. Multinationals may either be headquartered in their country of origin or have a central corporate office that oversees operations across all countries.
Multinationals typically engage in a wide range of activities, including manufacturing, production, marketing, and sales of goods and services in multiple nations. They often invest heavily in research and development to drive innovation, maintain a competitive edge, and cater to the needs and preferences of consumers globally. These companies also play a significant role in global trade, contributing to both imports and exports of goods and services.
Due to their extensive operations, multinationals often face diverse challenges. These may include managing cultural differences, legal and regulatory frameworks in different countries, currency fluctuations, geopolitical risks, and navigating complex international business environments. Additionally, multinationals are subject to scrutiny and debates regarding their impact on local economies, labor practices, tax avoidance, and environmental sustainability.
Overall, multinationals are influential actors in the global economy, shaping international trade, investment, employment, and technological advancements.
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Etymology of MULTINATIONALS
The word "multinationals" is derived from two parts: "multi-" and "nationals".
- "Multi-" is a prefix indicating the involvement or combination of multiple elements or parts. In this context, it refers to companies operating in multiple countries.
- "Nationals" refers to companies that are based in or have their origins in a particular nation.
Combining these two components, "multinationals" is used to describe large corporations that have branches or subsidiaries in different countries, with activities and operations spanning across borders. This term became widely used in the mid-20th century to describe the growing trend of companies expanding their activities globally.
Similar spelling words for MULTINATIONALS
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