Question

what is MNC ? what is the function of MNC drop snap id's​

Answer 1

Answer:

MNC stands for 'multinational company'

Answer 2

MNC:

• A multinational corporation (MNC) is a corporation or enterprise that manages production or delivers services in more than one country.
• ILO defined MNC as a corporation which has its managerial head quarters in one country known as home country and operate on several other countries known as the host country.
• Multinational corporations participate in business in two or more countries.
• MNC can have a positive economic effects on the country where the business is  taking place.
• Transnational business is considered diversifying the investment.

Function:

• It promotes the exports of the host country.
• Rapid process of development.
• Equalising the cost of production.
• Reduce dependance on imports.
• Rapid industrialisation.
• Agent of modernisation.