MNC
(Multinational Corporation).
Real World
Unilever operates in over 190 countries with local subsidiaries tailoring products to each market — its Hindustan Unilever division sells smaller, cheaper sachets of shampoo designed specifically for lower-income Indian consumers.
Exam Focus
When discussing MNCs, distinguish between standardisation (same product globally) and localisation (adapted product) — exam questions frequently test this distinction.
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