Define MNC and it's function

A multinational corporation helps the technological growth of the country as well. They bring new innovations and technological advancements to the host country. They help modernize the industry in developing countries. MNCs also reduce the host countries dependence on imports.

A multinational company is that company which is registered in one particular country but whose products are produced and sold in various other countries. Features:- 1 centralised management : a multinational company has its headquarter in the home country. It expands its business in other countries by opening branches and subsidiary companies in other countries in other countries. The management of the business being carried out in other countries is in the hands of the head office. All the branches and subsidiaries have to work according to the policies laid down by the head office. 2 Special attention to advertisment : a multinational company pays special attention to advertisement. That is the secret of its success. 3 Access to international market:- a multinational company easily establishes its identify in the international market beacuse of its many products, good quality, research on a large scale, good marketings facilities.