In what way is a mnc different from national companies
Answers
Answer:MNCs will always have highly sophisticated and advanced techniques and technology for production. They will always develop newer cost-reducing methods of production through consistent spending in research and development. Also, they employ the most efficient and professional staffs to handle the organisation and reap huge profits. In contrast, national companies will not have such advanced and sophisticated techniques of production. They mostly take into account the cultural and social background of the country and produce accordingly. Thus, their main aim is to satisfy the needs of the population rather than reaping profits.
Explanation:
HEYA MATE HERE U GO.
❤. 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.
HOPE THIS WILL HELP U.