Question
What is MNC? Why do firms become multinational?
Answer :
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A multinational corporation (MNC) is a company that operates in more than one country, managing production or delivering services in multiple nations while maintaining a centralized head office in its home country. MNCs have a global presence and often adapt their products, marketing strategies, and management practices according to the cultural, economic, and legal environment of the host countries. They play a significant role in international trade, investment, and the global economy by creating employment, introducing new technologies, and enhancing competitive practices across borders. Firms become multinational for several strategic, economic, and managerial
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