Question

what is MNC's
MNC's mean to do the trade with the other countries ​

Answer 1

Answer:

a multi national corporation is a company which owns and controls production in more than 1 country.

Answer 2

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• MNC's or multinational corporations is a company that owns and controls production in more than one nation.

• The multinational corporations setup offices and factories for the production in regions where they can get cheap labour and other resources.

• This is done so that the cost of production is low and the companies can get great profit.

• The goods and services are produced globally.

• The production process is divided into smaller parts and spread out across the globe.

• There are certain ways in which the multinational corporation interlink their production across countries.

• Firstly, set a production jointly with some of the local companies of a country.

• Then, they might by the local company to expand production.

• Another way is to order for production with small producers in the country.

• The multinational corporations have tremendous power to determine the price, quality, delivery and Labour conditions for these distant producers.

• This is how the multinational corporations interlink the production in widely dispersed location.

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