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Multinational corporation - Definition and Overview |
| Related Words: Ambiguous, Amphibious, Complex, Composite, Compound, Conglomerate, Eclectic, Heterogeneous, Intricate, Ironic, Medley, Miscellaneous, Motley |
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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.
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