Write the benefits of MNCs

Answer 4.3/5 78 bondesrushti Helping Hand 9 answers 649 people helped List of Advantages of Multinational Corporations 1. Cheaper Labor One of the advantages of multinational corporations is the opportunity to operate in countries where labor is not as expensive. This is one of the perks that smaller companies do not enjoy. Multinationals can set up their offices in several countries where demand for their services and products are high while cheaper labor is available. 2. Broader Market Base By opening establishments or offices in several countries, multinationals increase their chances of reaching out to customers on a global scale, a benefit which other companies limited to regional offices and establishments do not have. The access to more customers gives them more opportunities to develop and cater their products and services that will fit the needs of potential customers. 3. Tax Cuts Multinationals can enjoy lower taxes in other countries for exports and imports, an advantage that owners of international corporations can take at any given day. And although not all countries can have lower tariffs, there are those that give tax cuts to investors to attract more international companies to do business in these countries. 4. Job Creation When international companies set up branches in other countries, employees and members of the team are locals. That said, more people are given employment opportunities especially in developing countries. I think I am right brother ??

• MNCs can provide money for additional investments, like buying new machines for faster production.
• MNCs might bring with them the latest technology for production.
• MNCs also buy some local companies to expand production, since they have wealth exceeding the entire budgets of some of the developing countries.