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Encyclopedia > Multinational corporations

A multinational corporation (MNC) or transnational corporation (TNC) is one that spans multiple nations; these corporations are often very large. Such companies have offices and/or factories in different countries. They usually have a centralised head office where they coordinate global management.


Very large multinationals have budgets that exceed those of many countries. They can be seen as a power in global politics.


Multinationals often make use of subcontractors to produce certain goods for them.


The first multinational, appearing in 1602, was the Dutch East India Company.


Examples

See also


  Results from FactBites:
 
Multinational corporation - Wikipedia, the free encyclopedia (345 words)
A multinational corporation (MNC) or multinational enterprise (MNE) or transnational corporation (TNC) or multinational organization (MNO) is a corporation/enterprise that manages production establishments or delivers services in at least two countries.
Multinational corporations (MNC) are often divided into three broad groups:
Diversified multinational corporations manage production establishments located in different countries that are neither horizontally or vertically integrated.
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