1)explain any three method of controlling production across countries by MNC
2) what is the impact of globalisation on the richer section of society in urban India
3)explain the impact of flexible Labour Law on workers
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1 answer The various ways in which MNCs set up or control production in other countries are
(a) Buy up a local production company.
(b) Place orders for production with small producers, i.e., contract manufacturing.
(c) By setting up a partnership (joint venture) with a local company.
(d) Setting up their wholly owned subsidiary in the other country.
(e) By licensing or franchising their brand to a local company.
2 answer This evaluates the positive and negative impact of globalization on developing nations in the following proportions;
1- Economic and Trade Processes Field
2- Education and Health Systems
3- Culture Effects
3 answerThe Impact of Labour MarketFlexibility on Businesses and Consumers. Labour market flexibilityor rigidity refers to employment issues such as staff wages, the ease of which companies can hire and fireemployees, length of probation periods and power of unions.
(a) Buy up a local production company.
(b) Place orders for production with small producers, i.e., contract manufacturing.
(c) By setting up a partnership (joint venture) with a local company.
(d) Setting up their wholly owned subsidiary in the other country.
(e) By licensing or franchising their brand to a local company.
2 answer This evaluates the positive and negative impact of globalization on developing nations in the following proportions;
1- Economic and Trade Processes Field
2- Education and Health Systems
3- Culture Effects
3 answerThe Impact of Labour MarketFlexibility on Businesses and Consumers. Labour market flexibilityor rigidity refers to employment issues such as staff wages, the ease of which companies can hire and fireemployees, length of probation periods and power of unions.
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