Answers

2016-03-08T20:40:17+05:30
MNC is a company that owns or controls production in more than one nation. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. The MNC is not only selling its finished products globally, but the goods and services are produced globally.(i) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. (ii) The cost of production is low and the MNCs can earn greater profits. (iii) MNCs can get host country’s concessions for exports and imports. (iv) The production process is divided into small parts and spread out across the globe. It leads to increase the scale of output and the MNC can enjoy economies of scale. (v) By selling goods at cheaper rates, the MNCs can acquire the world market. The two Indian companies are tata motors,ranbaxy
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2016-03-08T20:40:47+05:30
1 Goods and services are produced globally
2 Production is organised in complex ways
3 MNCs control or own production in two or more countries
4 Production process is divided into small parts and spread across the globe
For eg. Tata Motors and Ranbaxy
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