ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A multinational corporation (MNC) is usually a large corporation incorporated in one country which produces or sells goods or services in various countries.

Detailed explanation-2: -There are four types of multinational companies: decentralised multinational corporations, global centralised corporations, international companies, and transnational enterprises.

Detailed explanation-3: -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-4: -What Are Examples of Multinational Corporations? 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-5: -MNCs have production and marketing operations in several countries; operating through a network of branches, subsidiaries and affiliates in host countries. MNCs are characterized by unity of control. MNCs control business activities of their branches in foreign countries through head office located in the home country.