What is a tnc? Why do firms become transnational?



What is a tnc? Why do firms become transnational?..

Answer / Snehil Srivastava

TNC stands for Transnational Corporation. A TNC is a corporation that operates in multiple countries but maintains its central control and coordination from its home country. Firms become transnational to expand their markets, reduce costs through economies of scale, and access resources not available in their home country.

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