GENERAL KNOWLEDGE

Detailed explanation-1: -The benefit to the local company of such joint production is two-fold. First, MNCs can provide money for additional investments, like buying new machines for faster production. Second, MNCs might bring with them the latest technology for production.

Detailed explanation-2: -MNCs work along with local companies to expand production by producing jointly with local companies, purchasing local companies and placing orders with local companies. This has two-fold production benefits to the local companies.

Detailed explanation-3: -Keeps Money in the Local Economy. Creates Jobs and Opportunities in the Community. Diverse Products and Choices for Locals. Maintains a Sense of Community Character. Multinational Firms Puts Small Companies out of Business. Profits go to Shareholders instead of Local Economies. More items •17-Mar-2020