Meaning of MNC and TNC
Multinational corporations, or MNCs, are major businesses that are typically based in one country but produce or market their products internationally. MNCs are characterized primarily by their scale and the fact that the parent firms have centralized control over all of their global operations.
TNC stands for Transnational Corporation (TNC), which conducted business outside of their nation of origin or did so differently depending on the local markets.
Registered or Incorporated
MNCs do not register abroad; they only do so in their native nation.
TNCs are regarded differently than MNCs because they are registered in additional countries.
Operations of MNC and TNC
MNC has subsidiaries in other nations.
TNC doesn’t have any subsidiaries abroad.
Centralized System of MNC and TNC
MNCs have a centralized structure for coordinating worldwide management.
TNC’s system is not centralized.
Local Market Operations
MNCs are subject to limitations in the local markets because of their centralized management structure.
TNCs are allowed to choose their own courses of action based on regional markets.
Examples of MNC and TNC
MNC- Apple, Amazon, Microsoft, Walmart, etc.
TNC- Toyota Motor Corporation, Vodafone group, Coco Cola, etc.