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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy5 Marks
Question
Explain the whole process in which an MNC works?
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Answer

An MNC (Multi-National Corporation) is a company that owns and controls production in more than one nation.
Multi-National Corporations are spreading their productions in different ways:
  1. By setting up partnership with local companies.
  2. By placing orders with local companies. For eg: garments, footwear, sports items, etc.
  3. By closely competing with the local companies.
  4. By buying local companies. For eg: Cargill foods, a very large American MNCs has bought over smaller Indian companies such as Parakh foods. Parakh food had built a large marketing network in various parts of India, where its brand was well-reputed.

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