Multinational corporations is also referred to ____________.a)multinat...
Introduction:
Multinational corporations are companies that operate in multiple countries and have a global presence. These corporations are also referred to as transnational corporations.
Definition of Transnational Corporations:
Transnational corporations are companies that operate in multiple countries and have a global presence. These corporations have a significant impact on the global economy and play a crucial role in shaping international trade and investment. They have the ability to move capital, technology, and expertise across borders, which makes them a force to be reckoned with in the global marketplace.
Features of Transnational Corporations:
Transnational corporations have several distinctive features that set them apart from other types of companies. Some of these features include:
1. Global Presence: Transnational corporations have a presence in multiple countries and operate on a global scale.
2. Large Size: These corporations are often large and have a significant market share in their respective industries.
3. Diversified Operations: Transnational corporations operate in multiple industries and have a diversified portfolio of products and services.
4. Cross-Border Transactions: These corporations engage in cross-border transactions, which involves moving capital, technology, and expertise across borders.
5. Complex Organizational Structure: Transnational corporations have a complex organizational structure with multiple subsidiaries, divisions, and business units.
6. Global Workforce: These corporations employ a global workforce and have employees from different countries and cultures.
Impact of Transnational Corporations:
Transnational corporations have a significant impact on the global economy and play a crucial role in shaping international trade and investment. Some of the ways in which these corporations impact the global economy include:
1. Job Creation: Transnational corporations create jobs in the countries in which they operate.
2. Economic Growth: These corporations contribute to the economic growth of the countries in which they operate.
3. Technology Transfer: Transnational corporations transfer technology and expertise across borders, which helps to improve the productivity and efficiency of local industries.
4. Cultural Exchange: These corporations promote cultural exchange by bringing together people from different countries and cultures.
Conclusion:
Transnational corporations are an important part of the global economy. They have a significant impact on international trade and investment and play a crucial role in shaping the economic landscape of the countries in which they operate.
Multinational corporations is also referred to ____________.a)multinat...
A is correct option
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