Question

Write short notes on multinational Corporations.

Answer 1

Question:

Write short notes on multinational Corporations.

Answer:

◆ Set up production jointly with some of the local companies. Joint production provides money for additional investment and latest technology for production.

◆ To buy up local companies and then expand production.

◆ Place orders for production with small producers.

◆ By setting up partnerships with local companies, by using the local companies for supplies, by closely competing with the local companies or buying them up, MNCs are exerting a strong influence on production at these distant locations.

◆ As a result, production in these widely dispersed locations is getting interlinked.

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Answer 2

Question: Write a note on MNCs.

Answer:

An MNC[Multi-National Corporation] is a company that owns or controls production in more than one Nation...

MNCs set up offices and factories in regions where they can get cheap labour and other resources...

This is done so that the cost of production is low, and they can earn greater profits...

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