How are 'local companies' benefited by collaborating with 'multinational companies'? Evaluate any three benefits. (3)
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Local companies partnership with MNC
Explanation:
When a local company partners with a multinational company, it has many benefits. They are:
- Influx of capital - The MNC will bring in additional investments that can be used to extend land & building, plant & machinery, etc.
- Upgradation of technology - MNC can bring in latest technology and also help with funds and implementation of the same.
- New opportunities - MNCs bring in new opportunities via additional markets, increased production and improved sales & profit.
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