Any company is referred to as a Multinational company or corporation (MNC) when that company manages its operation or production or service delivery from more than a single country. It has its headquarter based in one country with several other operating branches in different other countries. The country where the headquarter is located is called the home country whereas; the other countries with operational branches are called the host countries. Apart from playing an important role in globalization and international relations, these multinational companies even have a notable influence on a country’s economy as well as the world economy. The budget of some of the MNCs is so high that at times they even exceed the GDP (Gross Domestic Product) of a nation.
