What is MNC? why MNC's set up offices and factories in other countries?
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Multinational companies usually set up their factories and offices for production in countries where land, labour and raw materials are available at much cheaper rates. This results in greater profits for the company
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Hey Mate !
Multinational corporation
- A multinational corporation is a corporate organization that owns or controls production of goods or services in at least one country other than its home country.
- Multinational companies usually set up their factories and offices for production in countries where land, labour and raw materials are available at much cheaper rates. This results in greater profits for the company.
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