GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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multinational corporation
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joint stock company
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global company
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none of these
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Detailed explanation-1: -A multinational corporation or MNC is a company that owns or controls production in more than one nation.
Detailed explanation-2: -Answer: The various ways in which MNCs set up or control production in other countries are (a) Buy up a local production company. (b) Place orders for production with small producers, i.e., contract manufacturing. (c) By setting up a partnership (joint venture) with a local company.
Detailed explanation-3: -In the case of MNCs, which have diverse businesses across countries, the parent company (principal) needs to control the operations of the subsidiary companies (agent) to ensure that overall organizational objectives are met.
Detailed explanation-4: -Microsoft. Apple. LTI. Deloitte. Coca Cola. TCS. Accenture. IBM. More items