The term "multinational company" refers to a business organization that operates in multiple countries. These companies have operations, employees and assets in different nations, and often conduct business across international borders. They may be headquartered in one country but have subsidiaries or affiliated companies in other countries. Multinational companies can benefit from economies of scale, access to new markets, diverse talent pools, and lower costs through offshoring. Examples of multinational companies include corporations such as Walmart, Apple, Toyota, and Nestle.