what are MNCswhat are their functions
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MNCs are multinational coporation has its assets in addition to its home country .such companies have officers from other nation and head office for global management
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MNC : An Enterprise operating in ssevral countries, but managed from one country. Generally, any company or group that derives a quarter of its revenue from operations outside of its home country is considered a multinational corporation.
FUNCTIONS:
- MNCs set up production units at such a place where they can produce their goods at a minimum cost.
- The place where markets are closer.
- The place where skilled and unskilled labour is available at low cost.
- Other factors of production are assured.
- Government policies are favourable.
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