how are mncs able to gain greater profits
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A MNC is a company that owns or controls production in more than one nation.
MNCs set up offices and factories for production in region where they can get cheap labour and other resources.
This is done so that the cost of production is low and MNCs can earn greater profits
MNCs set up offices and factories for production in region where they can get cheap labour and other resources.
This is done so that the cost of production is low and MNCs can earn greater profits
Answered by
8
Answer:
MNCs are able to earn huge profits as they keep the price of production low. Availability of cheap labour and abundant rwa materials. Establishing factories where abundant raw material is available at a low cost. Setting up trade and distribution centres in regions close to their markets. Setting up offices to attend to customers in countries, where enough English speaking youth is available.Example India.
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