Transnational corporations are
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → The companies that produce goods or market services in more than one country
Option (3) The companies that produce goods or market services in more than one country — Correct. TNCs are companies that produce goods or market services in more than one country. They may be small firms with one or two factories abroad, or giants like Coca Cola, General Motors and Colgate-Palmolive, oriented to global markets and global profits even with a clear national base.
NCERT (2025-26): “6.2 Understanding Globalisation … Among the many economic factors driving globalisation, the role of transnational corporations (TNCs) is particularly important. TNCs are companies that produce goods or market services in more than one country. These may be relatively small firms with one or two factories outside the country in which they are based. They could also be gigantic international ones whose operations crisscross the globe. Some of the biggest MNCs are companies known all around the world: Coca Cola, General Motors, Colgate-Palmolive, Kodak, Mitsubishi and many others. They are oriented to the global markets and global profits even if they have a clear national base.…” |