Define Globalization. What is MNC and TNC under Globalization?
Answers
Globalisation the process by which businesses or other organizations develop international influence or start operating on an international scale.
Transnational companies (TNC) and multinational companies (MNC)...
I will give the diffrence between these two,so that you can have a better view on this topic.
• Transnational corporations are a type of multinational corporations.
• MNC have an international identity as belonging to a particular home country where they are headquartered. On the other hand, transnational corporations are more or less borderless in this regard as they do not consider a particular country as their base.
• Multinationals have branches in other countries, whereas transnational have subsidiaries.
hope it helps you
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¶¶Deepika¶¶
Answer:
➡️Globalisation describes an ongoing process by which regional economies, societies and cultures have become integrated through a globe-spanning network of communication and trade. A multinational company (MNC) is an organisation that operates in two or more countries.
➡️Transnational corportation also mean the same.
A company that has operations in more than one country. Many TNC are large companies and have well known brands.As the world is becoming globalised TNC are growing in size and number.