5 MNCs and Indian Transnational Companies
MNCs and Indian Transnational Companies Concept of Multinational Corporation The term ‘multinational’ consists of two different words, ‘multi’ and ‘national’. The prefix’multi’ here means many while the word ‘national’refers to nations or countries. Therefore, a multinational company may be defined as a company that owns and controls production, marketing and service facilities in several countries. …