What are the characteristics of MNCs?(3marks)
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. Very high assets and turnover
To become a multinational corporation, the business must be large and must own a huge amount of assets, both physical and financial. The company’s targets are so high that they are also able to make substantial profits.
2. Network of branches
Multinational companies keep production and marketing operations in different countries. In each country, the business oversees more than one office that functions through several branches and subsidiaries.
3. Control
In relation to the previous point, the management of the offices in other countries is controlled by one head office located in the home country. Therefore, the source of command is found in the home country.
4. Continued growth
Multinational corporations keep growing. Even as they operate in other countries, they strive to grow their economic size by constantly upgrading and even doing mergers and acquisitions.
5. Sophisticated technology
When a company goes global, they need to make sure that their investment will grow substantially. In order to do achieve substantial growth, they need to make use of capital-intensive technology, especially in their production and marketing.
To become a multinational corporation, the business must be large and must own a huge amount of assets, both physical and financial. The company’s targets are so high that they are also able to make substantial profits.
2. Network of branches
Multinational companies keep production and marketing operations in different countries. In each country, the business oversees more than one office that functions through several branches and subsidiaries.
3. Control
In relation to the previous point, the management of the offices in other countries is controlled by one head office located in the home country. Therefore, the source of command is found in the home country.
4. Continued growth
Multinational corporations keep growing. Even as they operate in other countries, they strive to grow their economic size by constantly upgrading and even doing mergers and acquisitions.
5. Sophisticated technology
When a company goes global, they need to make sure that their investment will grow substantially. In order to do achieve substantial growth, they need to make use of capital-intensive technology, especially in their production and marketing.
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MNC are companies that set up in more than one country
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