Define the term ‘multi-national company ‘.State any four features of it.
Answers
Answer:
multi national company is a company performing businesses in 2 or more countries
Answer:
Explanation:
Multi national Corporations or MNC are corporate organizations which carry out their activities in more than one country apart from the home country. They have a central head office in their native country and secondary facilities, offices, industries, factories and other assets in other countries.
Features of a Multinational Company
1. Huge Assets and High Turnover
These companies operates on a huge global scale as a result they possess quite a number of assets in nearly every countries where they operate. They even have a huge turnover.
2. Controlling Power
Since these companies have many branches in different countries and are run by their own management and offices they are however chiefly controlled by the head office of the home country which brings in the sense of unity.
3. Technology
Since these companies have huge wealth and investment, this helps them to bring in best of technology to provide an edge over their products and company. They spent heavily on the Research & Development Department to discover and invent new products.
4. Marketing
These companies spent heavily on advertising, marketing, and promotion. . This is done keeping in mind the international customers which helps them in grabbing significant market share globally.
Hope this helps.