A multinational corporation (MNC) is a large company that operates in multiple countries and has a global presence. It is involved in various business activities, such as production, sales, and distribution, across different nations. In some circles, a multinational corporation is also referred to as multinational enterprises.

Explanation:
Multinational enterprises refer to corporations that have operations in multiple countries. This term is often used to emphasize the fact that these companies are not limited to a single nation but have a global reach.

Key reasons for using the term multinational enterprises instead of multinational corporations include:

1. Broad Scope: The term multinational enterprises encompasses a wider range of business activities beyond just corporations. It includes other types of organizations such as partnerships, joint ventures, and cooperative enterprises that operate across borders.

2. Diverse Business Structures: Multinational enterprises can have various legal structures, including corporations, which are just one type of business entity. Using the term multinational enterprises acknowledges the diverse range of structures that these companies can adopt.

3. Inclusive Terminology: The term multinational enterprises is more inclusive as it recognizes that companies operating across borders can have different legal forms and ownership structures. It avoids the assumption that all these companies are solely corporate entities.

4. Global Operations: Multinational enterprises emphasize the global nature of these companies' operations. By using this term, it highlights that these organizations have a presence in multiple countries and engage in cross-border activities.

Overall, while the term multinational corporation is commonly used, referring to these companies as multinational enterprises provides a broader and more inclusive perspective on their operations and structures. It recognizes the diverse range of organizations that operate across borders and highlights their global reach.