Characteristics of MNC
- In the different ranges of sectors, there are MNCs. MNCs are present in a different range of sectors like the IT industry, beverage industry, food industry, automobile, etc.
- MNCs are getting increased on a global scale by globalization which is helping to integrate economically and culturally.
- The place where the headquarter of the multinational companies are located is to be the home country. The home country is considered to be the host country if any international company starts its operation in that country.
- MNCs create an impact on the economy of the country. It also generates jobs and pays taxes to the country which converts a developing country to a developed country.
MNC Full Form
MNC Stands for Multinational Company. A company that is well-established and have their branches in two or more than two countries. Many businesses are there in a nation that are capable to extend their business to an international level should be considered MNCs. MNCs helps to develop national pride and gives employment to a number of peoples in different countries which also helps to grow the GDP. There are many MNCs like Microsoft, Accenture, Intel, Coca-Cola, KFC, etc.