Choose the correct statement as true/false:

MNCs are large companies that operate in more than one country.

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Detailed Solution

The above statement is true.
MNCs are large companies that operate in more than one country.
A multinational corporation (MNC), sometimes known as a transnational corporation, is any business registered and operating simultaneously in more than one country. A multinational corporation often has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries. The corporate headquarters is where the corporation's subsidiaries report to. Higher market share and vertical and horizontal economies of scale are advantages of developing a global corporation for a business. While opening offices and factories worldwide may provide unexpected hurdles, a company's technological know-how, skilled workforce, and tried-and-true business strategies can usually be transferred from one country to another.

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