The MNC set of production jointly with the local company of another country. How does this profit the local company in this joint production?
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The MNC set of production jointly with the local company of another country because:
★★The local companies are already in business and understand the rules and laws of that country. It makes the learning curve for the out of country business shorter and easier.
★★It is good public relations. It is better to work with local vendors than to come in and set yourself up to compete.
★★It is usually much more cost effective. You aren’t investing capital in a new facility, legal compliance, hiring personnel and all the other things that go with opening a new plant.
MAY THIS HELP U MY FRND!!!!!♥️♥️♥️♥️
★★The local companies are already in business and understand the rules and laws of that country. It makes the learning curve for the out of country business shorter and easier.
★★It is good public relations. It is better to work with local vendors than to come in and set yourself up to compete.
★★It is usually much more cost effective. You aren’t investing capital in a new facility, legal compliance, hiring personnel and all the other things that go with opening a new plant.
MAY THIS HELP U MY FRND!!!!!♥️♥️♥️♥️
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