UPSC Exam > UPSC Questions > MNC stands for :a)Multinational Corporationb)...
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MNC stands for :
- a)Multinational Corporation
- b)Multination Company
- c)Multinational Cities
- d)Multinational Council
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
MNC stands for :a)Multinational Corporationb)Multination Companyc)Mult...
Explanation:
Multinational corporations (MNCs) are large companies that operate in multiple countries. They have a global presence and are involved in various business activities such as manufacturing, marketing, and distribution of products and services. MNCs are also known as transnational corporations (TNCs) or multinational enterprises (MNEs).
Characteristics of MNCs:
- Operate in multiple countries
- Have a global presence
- Involved in various business activities
- Have a large workforce
- Use advanced technology and management techniques
Advantages of MNCs:
- Access to larger markets
- Economies of scale
- Access to resources and technology
- Ability to spread risk
- Opportunities for growth and expansion
Disadvantages of MNCs:
- Exploitation of workers and resources
- Dominance over local businesses
- Negative impact on the environment
- Transfer of profits to other countries
- Lack of accountability
Examples of MNCs:
- Coca-Cola
- McDonald's
- Nike
- Toyota
- Apple
Conclusion:
MNCs play a significant role in the global economy. They have advantages and disadvantages, and it is essential to balance their impact on the local economy and society. Governments need to regulate MNCs to ensure that they operate ethically and contribute to sustainable development.
Multinational corporations (MNCs) are large companies that operate in multiple countries. They have a global presence and are involved in various business activities such as manufacturing, marketing, and distribution of products and services. MNCs are also known as transnational corporations (TNCs) or multinational enterprises (MNEs).
Characteristics of MNCs:
- Operate in multiple countries
- Have a global presence
- Involved in various business activities
- Have a large workforce
- Use advanced technology and management techniques
Advantages of MNCs:
- Access to larger markets
- Economies of scale
- Access to resources and technology
- Ability to spread risk
- Opportunities for growth and expansion
Disadvantages of MNCs:
- Exploitation of workers and resources
- Dominance over local businesses
- Negative impact on the environment
- Transfer of profits to other countries
- Lack of accountability
Examples of MNCs:
- Coca-Cola
- McDonald's
- Nike
- Toyota
- Apple
Conclusion:
MNCs play a significant role in the global economy. They have advantages and disadvantages, and it is essential to balance their impact on the local economy and society. Governments need to regulate MNCs to ensure that they operate ethically and contribute to sustainable development.
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Community Answer
MNC stands for :a)Multinational Corporationb)Multination Companyc)Mult...
MNC-multinational corporation.
international company who setup their business on your domestic country.
international company who setup their business on your domestic country.
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MNC stands for :a)Multinational Corporationb)Multination Companyc)Multinational Citiesd)Multinational CouncilCorrect answer is option 'A'. Can you explain this answer?
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MNC stands for :a)Multinational Corporationb)Multination Companyc)Multinational Citiesd)Multinational CouncilCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about MNC stands for :a)Multinational Corporationb)Multination Companyc)Multinational Citiesd)Multinational CouncilCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for MNC stands for :a)Multinational Corporationb)Multination Companyc)Multinational Citiesd)Multinational CouncilCorrect answer is option 'A'. Can you explain this answer?.
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