What are MNCs and write it's function
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MNC is referred to as Multi National Corporation
It is a Multi National company which has interconnection between for foreign countries
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MNCs and its functions:
- An MNC or Multinational Corporation is an industry that controls manufacturing in addition to one nation.
- MNCs set up factories and offices for production in places where they can acquire cheap workers and other resources. The price of production is decreased considerably because of cheap workers and the MNCs get more profits.
- MNCs not only selling their finished goods universally, but the products and services are also manufactured globally.
- Due to this global production, today's buyer has a big choice of products and services at a very reasonable cost.
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