Multinational corporations are companies

A multinational corporation (MNC) is defined as a corporate organization that owns the production of various types of goods and services in a minimum of one country apart from its home country. Any corporation is considered as MNC if it is able to obtain at least 25% or more of its revenue from other companies.

These MNCs are mainly characterized by their bigger size and their global activities are directly controlled and managed by the parent companies.

Some of the works in which they are mostly associated with are given below-

(a) They mostly deal with the import and export of goods and other services

(b) They invest a huge sum of money in other foreign countries

(c) They also Buy and sell licenses that are required in order to carry out markets in foreign countries.

(d) They also get engaged in the manufacturing of contract.

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