Meaning Of MNC
WHAT IS MNC (MULTINATIONAL CORPORATION)?
Multinational corporations, or MNCs, are big corporations that operate in their home country and also produce or market their products or services abroad.
Meaning Of TNC
WHAT IS TNC (TRANSNATIONAL CORPORATIONS)?
TNC stands for TRANSNATIONAL CORPORATIONS (TNC), which conducted independent business operations outside of their native countries.
Similarities Between MNC And TNC
- OPERATIONS : Both businesses have their main offices in one nation, but they also conduct business and operate in numerous other nations. The home country is the country where the headquarters are located, while the host nations are the other subsidiaries.
- SERVICES : Both have local production and services, which has an impact on employment, living standards, and household incomes.
- BUDGET : MNCs and TNCs have enormous budgets and have a significant impact on globalization, as well as economic and environmental lobbying in most nations.
- EXAMPLE : Manufacturing, oil mining, consultancy, building, finance, and other industries in TNCs and MNCs such as Unilever, Mcdonald’s and Apple, etc.