A company that owns businesses in several countries is called ________________.
A) Transnational corporation (TNC)
B) Limited liability company
C) Sole proprietorship
D) Corporation

Question

Quizplus · Accepted Answer

A transnational corporation (TNC) is a company that operates in several countries, with a decentralized management structure in which each country is responsible for its own operations. This type of organization allows companies to take advantage of the economic, political, and cultural differences across countries in order to maximize profits. Limited liability companies and sole proprietorships are types of business structures, while corporations can be either national or transnational. Therefore, the best choice for a company that owns businesses in several countries is a transnational corporation (TNC).

A Company That Owns Businesses in Several Countries Is Called