A large company that has operations in more than one country is known as a what?

• A. Domestic Corporation
• B. Multinational Corporation
• C. Non-profit Organization
• D. Joint Venture

Answer: (B)

It’s about firms that operate beyond a single national market. A multinational corporation is a single company that owns or runs facilities in more than one country, producing goods or providing services in multiple places and often managing these operations from a central headquarters while adapting to local markets. This sets it apart from a domestic corporation, which operates only within one country; a non-profit organization, which focuses on a mission rather than profit and isn’t defined by cross-border operations; and a joint venture, which is a collaborative venture between two or more parties to create a new entity, rather than a single company with widespread international operations. So the term that best fits a large company with operations in more than one country is multinational corporation.