Multinational enterprises (MNEs) are firms, both for-profit companies and not-for-profit organizations, that have operations in more than one country, and conduct their business through foreign subsidiaries, branches, or joint ventures with host country firms.

Question

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This statement accurately defines multinational enterprises as firms that have operations in more than one country, conducting their business through foreign subsidiaries, branches, or joint ventures with host country firms.

Multinational Enterprises (MNEs) Are Firms, Both For-Profit Companies and Not-For-Profit