Question

Explain the whole process in which an MNC works-5 marks. Plz answer fast

Answer 1

Answer:

( i ) MNCs will always have highly sophisticated and advanced techniques and technology for production.

( ii ) The will always develop newer cost-reducing methods of production through consistent spending in research and development.

( iii ) Also, they employ the most efficient and professional staffs to handle the organisation. Thus they reap huge profits.

( iv ) There are many aspects that MNCs consider while starting a production unit in a foreign country.

( v ) Some of these conditions are closeness to market, low cost of labour, availability of factors of production, government policies, etc.

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