4. Globalisation and the Indian Economy
Features of Multi National Companies
A MNC is a company that owns or controls production in more than one country for e.g. Pepsi, Samsung, Onida, Glaxo, Ponds, LG etc.
Features Of Multinational Corporations
1. International Operations :
Activities of MNCs are spread over many countries their parent corporation is located in one country and subsidiaries are scattered in many countries. For e.g. ITT, a very large American MNC design its products in research centres in the U.S.A. and then the components are manufactured in China. These components are then shipped to mexico and Eastern Europen Countries where these are assembled and the finished products are sold all over the world.
2. Giant size :
Most of the MNC are giant sized. Their assets, sales and profits run into multi-crores.