Final answer:
Multinational corporations differ from other global businesses primarily in their operations in multiple countries, their sizable workforces, and their influential economic power that can exceed the GDP of smaller countries. They are integrated into the global economy, often offering jobs with wages and benefits higher than local standards in developing nations.
Step-by-step explanation:
How multinational corporations differ from other companies that participate in global business mainly centers around their extensive international presence, diverse workforce, and significant economic influence. Multinational corporations (MNCs) or multinational enterprises (MNEs) are headquartered in one country but maintain operations in multiple countries, which is a key distinction from businesses that may only export or import goods. MNCs are deeply integrated into the global economy, with their vast resources often exceeding the GDP of smaller countries in which they operate. Unlike businesses with a more national or regional focus, MNCs conduct their operations without the constraints of national borders and collect a large share of their capital from international investors. Furthermore, MNCs frequently provide jobs that offer relatively higher wages and better benefits than local businesses in developing countries, which not only reflects their economic clout but also their role in shaping the labor standards in those countries.