Technological advancements, particularly in transportation and communication, have facilitated the expansion of MNCs by enabling them to operate across borders and manage global operations.

The United Kingdom is widely regarded as the birthplace of multinational corporations, with companies like the British East India Company pioneering global trade and establishing overseas operations.

A multinational corporation's global reach allows it to diversify its revenue streams by operating in multiple countries, reducing the risk associated with relying on a single market.

Multinational corporations can positively impact host countries' economies by creating jobs, transferring technology, and increasing exports, contributing to economic growth and development.

Corporate lobbying refers to the efforts of multinational corporations to influence government policies and regulations in their favor through various means, such as campaign contributions, lobbying activities, and public relations campaigns.

Multinational corporations have been criticized for engaging in practices such as exploiting cheap labor, causing environmental degradation, and avoiding taxes, raising concerns about their social and environmental responsibilities.

The United Nations Global Compact is a voluntary initiative that encourages businesses to adopt sustainable and socially responsible practices in their operations.

Multinational expansion refers to the process by which multinational corporations establish operations in foreign countries through mergers, acquisitions, or greenfield investments.

McDonald's is the world's largest fast-food restaurant chain, renowned for its golden arches logo and its global presence.

Multinational dominance refers to the situation where multinational corporations wield significant economic and political power, sometimes surpassing the influence of nation-states.

Apple Inc. is a multinational corporation renowned for its innovative technology products, such as the iPhone, iPad, and Mac computer.

Offshoring refers to the practice of relocating business operations, particularly manufacturing and service jobs, to countries with lower labor costs.

The Coca-Cola Company is a multinational corporation famous for its iconic soft drink, Coca-Cola, and its extensive global distribution network.

Localization refers to the process of adapting a product or service to suit the cultural, linguistic, and regulatory requirements of a specific local market.

Amazon.com is a multinational corporation renowned for its online retail platform, Amazon.com, and its extensive e-commerce operations.