define MNC? and its two feactures?
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multi national corporation
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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.
Features of Multinational Corporations (MNCs):
(i) Huge Assets and Turnover
(ii) International Operations Through a Network of Branches
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