SSC MTS EXAM

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 can provide money for additional investments, like buying new machines for faster production. MNCs might bring with them the latest technology for production. MNCs also buy some local companies to expand production, since they have wealth exceeding the entire budgets of some of the developing countries.

Detailed explanation-3: -Lower production costs. A standard approach where going on international markets can reduce input costs such as labor, or grant access to a broader pool of resources. Price stability. Product quality. Logistics flexibility.