What are the benefit of mncs with respect to local companies?
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Meaning of Multinational Companies (MNCs):
A multinational company is one which is incorporated in one country (called the home country); but whose operations extend beyond the home country and which carries on business in other countries (called the host countries) in addition to the home country.
It must be emphasized that the headquarters of a multinational company are located in the home country.
Neil H. Jacoby defines a multinational company as follows:
“A multinational corporation owns and manages business in two or more countries.”
Point of comment:
A multinational corporation is known by various names such as: global enterprise, international enterprise, world enterprise, transnational corporation etc.
A multinational company is one which is incorporated in one country (called the home country); but whose operations extend beyond the home country and which carries on business in other countries (called the host countries) in addition to the home country.
It must be emphasized that the headquarters of a multinational company are located in the home country.
Neil H. Jacoby defines a multinational company as follows:
“A multinational corporation owns and manages business in two or more countries.”
Point of comment:
A multinational corporation is known by various names such as: global enterprise, international enterprise, world enterprise, transnational corporation etc.
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