MNC stands for ____

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Detailed Solution

MNC stands for multinational corporations.
The companies that operate in their home country and other countries are called Multinational Corporations, or MNCs for short. The central office of such companies is located in one country, and it manages all other offices, branches, and factories. A few features of MNCs are:
1)      They have a huge amount of assets, both physical and financial, along with huge turnover.
2)      These companies keep growing through mergers and acquisitions, even as they operate in other countries.
3)      These companies also have new technology, and due to this, they can produce good quality products.

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