what do you mean by subsidiary of any MNC
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Hey there!
★ WHAT ARE MNC's ??
A Multinational Corporation is a corporate organization that owns or controls production of goods or services in two or more countries other than their own country.
★ SUBSIDIARY OF ANY MNC MEANS:
When a corporation, called the parent corporation, buys all or the majority of shares in another company, the company becomes a subsidiary of the parent corporation.
A parent corporation can also create a subsidiary by owning all of the shares of a newly created company. Because it controls a majority of the ownership, a parent company can control the subsidiary.
In addition to control, there are several other advantages to owning a subsidiary.
HOPE IT HELPED ^_^
#EshanSingh1
★ WHAT ARE MNC's ??
A Multinational Corporation is a corporate organization that owns or controls production of goods or services in two or more countries other than their own country.
★ SUBSIDIARY OF ANY MNC MEANS:
When a corporation, called the parent corporation, buys all or the majority of shares in another company, the company becomes a subsidiary of the parent corporation.
A parent corporation can also create a subsidiary by owning all of the shares of a newly created company. Because it controls a majority of the ownership, a parent company can control the subsidiary.
In addition to control, there are several other advantages to owning a subsidiary.
HOPE IT HELPED ^_^
#EshanSingh1
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