ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -multinational corporation (MNC), also called transnational corporation, any corporation that is registered and operates in more than one country at a time. Generally the corporation has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries.

Detailed explanation-2: -Examples of multinational corporations include Apple, Amazon, Microsoft, McDonald’s, and Volkswagen. These companies are headquartered in one nation but operate divisions in many other countries in order to expand their business and reach more customers.

Detailed explanation-3: -: of or relating to more than two nationalities. a multinational society. : of, relating to, or involving more than two nations. a multinational alliance. : having divisions in more than two countries.

Detailed explanation-4: -Multinational corporations can be categorized into four different types: decentralized multinational corporations, centralised global corporations, international companies, and transnational enterprises.