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Multinational corporations is also referred to ____________.
  • a)
    multinational collaboration
  • b)
    multinational entity
  • c)
    transnational corporation
  • d)
    multinational development
Correct answer is option 'C'. Can you explain this answer?
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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.
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Multinational corporations is also referred to ____________.a)multinational collaborationb)multinational entityc)transnational corporationd)multinational developmentCorrect answer is option 'C'. Can you explain this answer?
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