IGCSE Economics CIE 2026 Practice Test – Master The Allocation of Resources with This All-in-One Study Guide!

If a business has production and operations in more than one country, it is operating internationally. The term that describes this is a multinational company, which typically owns factories, subsidiaries, or branches abroad and coordinates activities across borders to serve different markets. This makes sense because “multinational” literally means many nations.

A domestic firm, in contrast, produces only in its home country. A cooperative is owned by its members and need not be international; its defining feature is member ownership. A public limited company describes ownership and liability (shares publicly, limited liability) rather than where the business operates, so it doesn’t specify cross-border production.