Explain about MNC in detail
Answers
➸ MNC - multinational company is a company that owns or controls production in more than one nation.
➸ They do so to get cheap labour and resources and on greater profits.
Advantages or benefits from multinational companies –
More and more MNCs develop in a country; more and more goods and services, investments and Technology move between countries.
The technology improves.
Much faster delivery across long distances are possible in low costs now because of increment in multinational companies.
People have wide range of choices in lower prices for several products.
People also because of increment in multinational companies enjoy higher standards of living then it was possible earlier.
Local companies that supply raw materials to multinational companies prosper.
Answer:
A multinational corporation (MNC) has facilities and other assets in at least one country other than its homecountry. Such companies have offices and/or factories in different countries and usually have a centralized head office where they coordinate global management.