Do you think there is a difference between MNC and other companies ? Name four Indian companies which are MNC's .(5 MARKS)
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Multinational Companies (MNC):
1. Ownership and Production: More than one country i.e set up of MNC's are in global level.
2. Markets: Purchased by consumers all over the world until the govt restrict.
3. Use of Technology: The Goods produced by them are mostly operated from hi-technology.
4. Cost of Products: At most times their cost are low as their expenditures for manufacturing lies on cheap supporters. Ex: China is chosen by most MNC's as they offer cheap labourers.
5. Support of Govt and Credit: They are well supported by developing govts. Ex: India allow SEZ's where MNC's are not in need of paying tax for first initial stages. They are well supported by banks all over the world.
Local and other companies:
1. Ownership and Production: Within the country.
2. Markets: At most times purchased by consumers within the country.
3. Use of Technology: These companies leastly depend on technology and mostly goods are produced by muscle power.
4. Cost of Products: They are costly as manual involvement is high and thus requires a handsum fund to pay them.
5. Support of Govt and Credit: Govt tend to be supporting and actually least participated. Getting a credit is a difficult job for these owners.
Indian MNC's
i) Reliance Industries.
ii) Tata Motors
iii) Infosys Technologies
iv) Bharat Forge
v) Asian Paints
vi) Dr Reddy's Laboratories
vii) Sundram Fasteners
:) Hope this Helps!!!
1. Ownership and Production: More than one country i.e set up of MNC's are in global level.
2. Markets: Purchased by consumers all over the world until the govt restrict.
3. Use of Technology: The Goods produced by them are mostly operated from hi-technology.
4. Cost of Products: At most times their cost are low as their expenditures for manufacturing lies on cheap supporters. Ex: China is chosen by most MNC's as they offer cheap labourers.
5. Support of Govt and Credit: They are well supported by developing govts. Ex: India allow SEZ's where MNC's are not in need of paying tax for first initial stages. They are well supported by banks all over the world.
Local and other companies:
1. Ownership and Production: Within the country.
2. Markets: At most times purchased by consumers within the country.
3. Use of Technology: These companies leastly depend on technology and mostly goods are produced by muscle power.
4. Cost of Products: They are costly as manual involvement is high and thus requires a handsum fund to pay them.
5. Support of Govt and Credit: Govt tend to be supporting and actually least participated. Getting a credit is a difficult job for these owners.
Indian MNC's
i) Reliance Industries.
ii) Tata Motors
iii) Infosys Technologies
iv) Bharat Forge
v) Asian Paints
vi) Dr Reddy's Laboratories
vii) Sundram Fasteners
:) Hope this Helps!!!
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