What is multinational companies and transnational companies?

Answer :

The multinational and transnational companies are such companies that continue their business operations in more than one country.

A multinational company can be referred to or considered as a country that has extended its scope of business operations in at least two countries over a prolonged period of time.

The main office or headquarters of such companies is in the country of its origin, whereas, the other countries are for the purpose of branch operations. For example, Apple is a multinational company.

Therefore, the significance regarding multinational and transnational companies has been aforementioned.

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