Multi-National Corporations are large companies established in a particular country and has offices, markets and produces and sells its products in many countries. The main characteristics of MNCs are:

• Large size: MNCs are huge organisations that own and control huge resources in terms of capital, technology, people and information. They have large physical and financial assets and bulky sales. They are very mammoth organisations whose monthly budget may even surpass the annual budget of countries.

• Multi-country operations: MNCs operate in many different countries. They have a very vast marketing network. Their assets may be diversified in many countries. Thus they carry out their production, marketing and sales in many countries, even in all the continents.

• Unified control: Even though MNCs have branches in different parts of the world, their marketing, sales and other important decisions will be taken in the headquarters in the home country. Even though each of their office may have decision making bodies, their important decisions will be taken by the central headquarters.

• Sophisticated technology and professional management: MNCs always have highly sophisticated and advanced techniques and technology for production. The develops newer cost-reducing methods of production through consistent spending in research and development. Also, they employ the most efficient and professional staffs to handle the organisation. Thus they reap huge profits.

• Mighty organisations: Mostly MNCs are very powerful organisations who try to retain their economic and political powers through consistent mergers and acquisitions. They even may have some degree of monopoly due to economic and technical advantage.