SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company that owns or controls production in more than one nation is called:
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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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Explanation:
Detailed explanation-1: -A multinational corporation or MNC is a company that owns or controls production in more than one nation.
Detailed explanation-2: -An MNC is a company that owns or controls production in more than one nation. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. This is done so that the cost of production is low and the MNCs can earn greater profits.
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.
There is 1 question to complete.