MNC Full Form Name

Full Form of MNC :

Multi National Company (or) Multi-National Corporation

MNC Full Form is Multi National Company (or) Multi-National Corporation. MNC refers to an organization that controls or owns manufacture of goods or provision of services in one or more nations apart from their native country. Often, MNC is also termed as an international corporation, stateless corporation, or a transnational corporation. One of the earliest MNCs was the East India Company, which came in the 17th century. Followed by the East India Company was the Dutch East India Company, which went on to become the biggest company across the globe for nearly 200 years. A simple overview of an MNC would enumerate several functions or roles performed by it such as import and export of goods and services; investing in a foreign nation; engagement in contract manufacturing, which permits a local producer based in a foreign nation to manufacture their goods or provide services; establishment of manufacturing facilities in foreign nations.

However, considering the nature of MNC being stateless, there has been the emergence of moral and legal issues regarding the role performed by them. It is important to draw a distinction between traditional MNCs and transnational corporations. The former is a national company, which operates foreign subsidiaries whereas transnational MNCs are stateless in character and do not identify with its native home. An instance of a transnational MNC is Nestle. The latter would draw employees from across the globe to help in different sectors in which the corporation operates.

Lately, MNCs have been subjected to several controversies particularly relating to human rights violation and violation of environmental standards. Many MNCs have been accused of indulging in tax evasion in order to obtain a competitive and unfair advantage over the more sprawling small and medium-sized enterprises (abbreviated as SMEs). Thus, MNCs have come under the global scanner.

Popular Full Form of MNC :

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