What term describes a corporation that has facilities and assets in at least one other country besides its home country?

The term that accurately describes a corporation with facilities and assets in at least one other country besides its home country is a multinational corporation (MNC). This designation highlights the organization’s operational presence in multiple countries, allowing it to leverage diverse markets, manage resources across borders, and adapt to various regulatory environments. Essentially, an MNC conducts business operations in more than one country, creating a network that can enhance its competitiveness and global reach.

The distinction is important because it underscores the complexity of managing a business that spans various national boundaries, including cultural, legal, and economic factors that must be navigated. In contrast, a domestic corporation operates solely within the confines of its home country, making it ineligible for the multinational designation. International business generally refers to the broader concept of trade and commerce between nations, which can involve various forms of engagement but does not inherently specify physical facilities in multiple nations. Finally, a global firm typically refers to a company that not only operates across borders but also integrates its operations on a global scale, striving for synergy and coordinated strategies, yet the specific definition of assets and facilities pertains directly to the MNC classification.