What are MNCs?
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Posted by Payal Sahoo 6 years, 9 months ago
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Yogita Ingle 6 years, 9 months ago
A MNC or Multinational Corporation 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 cost of production is reduced considerably due to cheap labour and the MNCs earn great profits.
MNCs not only sell their finished products globally, the goods and services are produced globally. Because of this global production , today’s consumer has a wide choice of goods and services at a very reasonable price.
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