PRIVATE & MNC SECTOR

What is a 'Multinational Corporation - MNC'

A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they coordinate global management. Very large multinationals have budgets that exceed those of many small countries. Multinational corporations are sometimes referred to as transnational, international or stateless corporations.