Concept of multinational companies

Multinational companies are those companies whose management, ownership and control are spread in more than one country. It does business in two or more countries. It is a large industrial organization. They are established in one country as parent country and in other countries as subsidiaries or as host countries. They produce and distribute goods and services in all these countries where they operate. The main aim of these companies is to operate business in most of the part of the world. Popular multinational companies of the world are IBM Company (USA), Sony Company. Wai wai, nestle company, coca cola company.