What is MNC

MNC means multinational corporation. If any company's head office in one country and its business activities are  in many countries, that company will be called multinational corporation. Its other popular name is multinational enterprise. These corporation is also called transnational corporation. Multinational corporation starts from their own country but they increase their business level and they do business many countries as per the rules and regulations of different countries.


Foreign Exchange Regulation Act 1973 applies on MNC. As per this, a corporation will be MNC, if

1) Its subsidiary or branches are in two or more countries. All these countries will be host countries for him.

2) Its head office is outside of India. His own country will be home country for him.

British East India company is first MNC who issued shares and created stock. More than 400 years history of big MNCs and its development. Every corporation starts his business as MNC because it has to get tax benefits. It has to get low labor cost benefits. It has to get marketing benefits. Large number of MNCs are from developed countries. There are big competition, so these corporations go to developing countries for their own benefits. By opening branches or subsidiaries in developing countries, they can produce their products at cheap material and labor cost.

What is MMNC?

It means micro multinational corporation. It is just like multinational corporation but at micro level. With the help of internet, anyone can make MMNC by creating or using e-commerce website or providing international service.

Features of MNC

1. Board of directors will be of home country.

2. MNCs do business with direct investment. It means these MNC will have right to buy land and make plant. It also have right to produce the products and sell the products in other country.

3. MNCs's advertising lobby is very advance. They want to sell every thing on the basis of high advertising whether it is quality product or not. 

COMMENTS

Name

"FTDR Act 1992",1,advertising,2,business,29,business environment,43,Business Ethics,1,business glossary,2,business ideas,1,Business Scams,1,Business Test Online,1,Business Tips,1,buyer behavior,3,central bank,1,commerce,11,company,5,company law,2,competition act 2002,2,construction,1,cost,1,credit control,1,debt,1,development bank,2,DOT,1,economic policy,6,education,1,fema 2000,2,fiscal policy,3,govt.,1,hotel,1,how to,6,Human Resource Management,1,india,1,industrial policy,1,inspiration,1,ISO,1,IT Act 2000,2,legal policy,5,loan,1,marketing,9,marketing management,26,mba,7,mba + bank,2,mba first semester,10,mba first semster,2,mis,5,monetary policy,2,mrtp 1969,2,national security,1,NGO,1,presentation,1,price,1,product,1,public relation,1,sales promotion,4,Social Environment,3,structure,1,teasure,1,technology,4,wi-fi,1,
ltr
item
Business Education: What is MNC
What is MNC
Business Education
http://business.svtuition.org/2011/11/what-is-mnc.html
http://business.svtuition.org/
http://business.svtuition.org/
http://business.svtuition.org/2011/11/what-is-mnc.html
true
7226108229274062371
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy