Transnational Company
A company that operates in multiple countries but does not identify with a single home country — managing its operations...
Real World
Nestlé is often cited as a true transnational — it has no single dominant home market, with R&D, manufacturing, and ownership spread across Switzerland, the US, and emerging markets.
Exam Focus
Explicitly contrast transnational (decentralised, no home base) with MNC (home country HQ) — this distinction is a common source of lost marks.
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