Today we will discuss the full form of the word MNC (MNC full form) in in easy language and also share the top MNCs list of the world with you. Let us know the information related to Full Detail and Definition of such company.
It is a corporate organization that owns or controls the production of goods or services in two or more countries other than its own country.
MNC Full Form - What is MNC?
MNC stands for “Multi National Corporation.”
The full form of MNC or say MNC full form is Multinational Corporation which is also referred as “Multi-National Organization” sometimes.
It is also known as MNE (Multi National Enterprise) or International Corporation. Such companies have their offices and factories in multiple countries, but their head office (often termed as Headquarter) is in their own country.
Features of MNCs
1. Strong economic power
Multinationals are powerful economic institutions. They continue to add to their economic power in the host countries through continuous merge and acquisition of companies.
2. Huge assets and businesses
Due to operations on a global basis, multinationals have large physical and financial assets. This results in heavy turnover of MNCs as well. In fact, in terms of wealth and business, many multinationals are larger than the national economies of many countries.
3. Superior quality products
MNCs have to compete globally. Therefore, these companies have to pay special attention to the quality of their products.
4. Unity of control
Multinational companies control the business activities of their branches in foreign countries through the head office located in their country. The management of the branches works under the policy of the parent corporation.
Advantages of MNCs
- In Host Country, there is a provision of wages and training for the laborers so that the laborers can do their work easily.
- Whenever a multinational company opens a branch in a country, then the local staff is recruited in that branch, so that the citizens of that country get Job Opportunity.
- The business of an MNC is spread across the world, due to which its monthly turnover is quite good. Due to which the salaries of the employees working there are also good.
- Because MNC’s business is spread across the world. If they do not produce their products well then they will not be able to run for many days. Hence the quality of their products is good.
- The technology used in MNCs is very good and latest. By which Employees working there can do their work even better.
the world's 10 biggest MNCs
- Apple Inc.
- Berkshire Hathaway
- Exxon Mobil
- Johnson and Johnson
- General Electric
- China Mobile
Other Full Forms of MNC
- Mobile Network Code
- Mouvement National Congolais
- Media Nusantara Citra
- Medium Neutral Citation
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