Q. What is an MNC (Multinational Corporation)?
Solution:
A Multinational Corporation (MNC) is a company that operates in more than one country. These companies usually have their main offices in one country, called the home country, but they set up branches, factories, or stores in other countries, called host countries.
MNCs are very large and can be involved in a variety of industries, such as technology, manufacturing, or food. Some famous examples of MNCs are Apple, Coca-Cola, and Toyota. These companies produce goods in different countries and sell them globally.
MNCs help create jobs in the host countries and bring in new technology, ideas, and investment. They can also boost the economy by improving trade and contributing to the country’s income through taxes.
Overall, MNCs are powerful global companies that have a big impact on both the home and host countries.
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