Transnational corporations
Transnational corporations: TNC. Also called multinational corporations (MNC) or multinational enterprises (MNE). They are large and very large corporations and conglomerates with production facilities and sales offices in many countries established as branches, subsidiaries or other units. Individual units usually report to a head office which may be a holding company. It can be quite difficult to establish where effective control over a unit within a TNC in a particular case lies. Today, their ownership can be very diversified, and component units may have much autonomy in the conduct of their business. Units of a TNC may even compete with each other
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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