Commercial Applications
Define a multinational company.
Joint Stock Company
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Answer
A multinational company may be defined as a company that has business operations in several countries. Such a company has factories, branches or offices in more than one country.
According to the United Nations Commission on Multinational Corporations (MNCs), "A multinational corporation is a corporation which operates, in addition to the country in which it is incorporated, in one or more other countries."
According to Neil H. Jacoby, "A multinational corporation owns and manages business in two or more countries."
A multinational corporation is also known as a 'transnational corporation', 'global giant', 'global enterprise' or 'international enterprise'. Examples of multinational companies operating in India include Pepsi Corporation, Coca-Cola Corporation, Phillips, General Electric (GE), Hindustan Unilever, and Sony.
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