A company that owns and controls production in more than one nation is called

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Foreign company

Multinational company

Local Company

International company

answer is B.

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Detailed Solution

A multinational company owns and controls the production in more than one nation. MNCs are the ones who operate their enterprises in several nations, intending to generate huge profits at a cheap cost of production. They have branches in various nations besides their home country's main office. These global corporations facilitate the transportation of commodities and services. For instance, Walmart, a US-based retail firm, recently acquired the Indian startup Flipkart and is now conducting business there. Because of globalisation, we can now conduct business anywhere around the globe.

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