Transnational corporations are large companies that operate in multiple countries, using their global presence to conduct business activities such as manufacturing, marketing, and distribution.
Related terms
Globalization: The process of increasing interconnectedness and interdependence between countries through the exchange of goods, services, information, and ideas.
Foreign Direct Investment (FDI): When a company from one country invests in another country by establishing or acquiring business operations there.
Supply Chain: The network of organizations involved in producing and distributing goods or services from suppliers to consumers. It includes all the steps required to bring a product or service from conception to consumption.