Question

Define MNCs. List the factors that encourage the MNCs to set up their production units at a place​

Answer 1

Answer:

Factors that promotes MNCs

Close proximity to the market.

Availability of skilled and unskilled labour at low cost.

Assured production

Governments liberalized policies.

Developed infrastructure.

Safety measures.

Explanation:

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Answer 2

Multinational corporation (MNC), also called transnational corporation, any corporation that is registered and operates in more than one country at a time. Generally the corporation has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries.

Features of Multinational Corporations (MNCs):

(i) Huge Assets and Turnover

(ii) International Operations Through a Network of Branches

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