What do you mean by MNC'S and give its features
Class-10
Economics
Answers
Answer:
MNCs are characterized by unity of control. MNCs control business activities of their branches in foreign countries through head office located in the home country. Managements of branches operate within the policy framework of the parent corporation.
Answer:
A multinational corporation (MNC) is usually a large corporation incorporated in one country which produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and the fact that their worldwide activities are centrally controlled by the parent companies.
The main features of MNCs are : (i) They Set-up their factories and offices in more than one country. (ii) They Set-up their units where the cost of production is low and higher profits can be earned. (iii) They set up their units where they can get cheap labour and other resources.
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