What are multinational companies? How do they control production … - Vidyadip

Question

What are multinational companies? How do they control production in other countries? Explain with examples.

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Answer

MNC is a company that owns or controls production in more than one nation:-

MNCs set up factories and offices for production on their own.
MNC’s set up production jointly with some of the local companies of the host countries.
MNC’s buy up local companies and then expand their production.
Large MNCs in developed countries place orders for production with small producers.
Parakh Foods and Cargill are the example.

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