Question

what do you mean by subsidiary of MNC​

Answer 1

A multinational corporation is a company that has facilities and assets in at least one country other than its home base. These companies have offices, factories and in some cases retailers in different areas. Global management happens in one place, usually a headquarters located in the United States. A subsidiary is an asset of the global company. This is usually a smaller company whose business operations and investments are controlled by the parent corporation.

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