How are 'local companies' beneted by collaborating with 'multinational companies'? Evaluate any three benets.
Answers
Local companies benefited by collaborating with MNCs are in following ways:
1) MNCs can provide money for additional investments, like buying new machines for faster production.
2) MNCs might bring with them the latest technology for production
3)Local companies will benefit financially through a partnership with an MNC because the production and its efficiency would naturally increase.
4.As production will increase, this competition also gives more choices to the consumers to option the best products at reasonable prices.
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Answer:
Local companies benefit by collaborating with MNCs: ... MNCs can finance the additional investments for the local companies like buying new machinery for faster production. 2. MNCs may provide the companies the latest technology for efficient production as MNCs have an international outreach