Question

how do the mncs help the growth of local companies

Answer 1

1. The local companies get profit and prosper when tie-up with MNC's
2. The MNC's provide the local companies with latest and advanced technology for faster production.
3. They do joint production with MNC's.

Answer 2

Explanation:

MNCs help in the growth of local companies as:  

(i) MNCs are spreading their production and interacting with local producers in various countries across the globe.  

(ii) By setting up partnerships with local companies.  

(iii) By using the local companies for supply.  

(iv) By closely competing with the local companies or buying them.