MNC – Multinational Corporation
A multinational corporation or MNC is also known as a worldwide enterprise. It is a corporate organization that owns, claims or controls the production of goods, products or services in at least one country other than the country which is its home country. Law Dictionary i.e. Black Law Dictionary also suggests or proposes that an organization or group need to be considered a multinational corporation on the off chance that it derives 25% or a greater amount of its income from the operation which is out-of-home-country. A multinational corporation can also be referred to term as a multinational enterprise or MNE, a transnational enterprise or TNE, a transnational corporation or TNC, an international corporation, or a stateless corporation as well. There are unpretentious however genuine contrasts between these three marks, and additionally Multinational Corporation and worldwide enterprise. Most of the largest and most powerful organizations of the advanced age are publicly traded multinational corporations which are including as Forbes Global 2000 companies. Multinational corporations or organizations are subjected to criticisms for lacking ethical standards.