In what way are mnc different from other companies
Answers
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❤. An MNC does different operations related to its business at different locations across the globe.
❤. Other companies limit their operation to a single country or to a few countries.
❤. By doing so , an MNC is able to take advantage of the cost benefit and also of easier access to important markets.
❤. This may not be possible for other companies.
♥️MNC - Multiple National Companies :-
→ An MNC owns and operate production across various countries of the world while other companies do not .
→ MNCs are usually large companies in terms of cost and production .
→ MNCs are responsible for the globalisation of the economy while other companies are not .
→ Foreign trade and foreign investments are essential features of an MNC while they are not in the case of other companies .
→ Large economy in MNC .
→ Usage of latest technology in MNC .
→ Do foreign investments in MNC .
→ More employment generations .
♥️ National Companies or other companies :-
→ It holds power in country .
→ Less economy as compared to MNCs .
→ Less usage of latest technology .
→ Country investments .
→ Less employment generations .