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Direction: Mark the option which is most suitable:
Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.
  • a)
    If Both assertion and reason are true, and reason is the correct explanation of assertion.
  • b)
    If Both assertion and reason are true, but reason is not the correct explanation of assertion.
  • c)
    If Assertion is true, but reason is false.
  • d)
    If Both assertion and reason are false.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Direction: Mark the option which is most suitable:Assertion : Local b...
At times, MNCs set up production jointly with some of the local companies of the host countries. The benefit to the local company from such joint production is twofold as MNCs can provide for additional investments and can bring in newer technology of production that results in fast-paced production.
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Most Upvoted Answer
Direction: Mark the option which is most suitable:Assertion : Local b...
Assertion: Local businesses may set up joint production processes with MNCs and earn higher profits.

Reason: MNCs can provide money for additional investments, like buying new machines for faster production.

The correct answer is option 'A': If both the assertion and reason are true, and the reason is the correct explanation of the assertion.

Explanation:

- When it comes to joint production processes, local businesses can benefit from collaborating with multinational corporations (MNCs). By working together, they can leverage each other's strengths and resources to achieve higher profits.

- MNCs often have access to greater financial resources compared to local businesses. Therefore, the reason provided in the assertion is valid. MNCs can provide the necessary funds for additional investments, such as purchasing new machines for faster production.

- By introducing new machines, the production process becomes more efficient and can result in increased output. This increased output can lead to higher profits for the local businesses involved in the joint production process with MNCs.

- Additionally, MNCs bring their expertise and global market knowledge to the partnership. This can help local businesses expand their customer base and access new markets, further contributing to increased profits.

- Collaborating with MNCs also allows local businesses to learn from their advanced technology, management practices, and quality control measures. This knowledge transfer can enhance the capabilities of local businesses and enable them to compete on a global scale.

- However, it is important to note that the success of joint production processes depends on various factors such as effective communication, mutual trust, and a well-defined partnership agreement. Local businesses need to carefully evaluate the potential benefits and risks before entering into such collaborations.

- In conclusion, the reason provided in the assertion is a correct explanation for the assertion itself. Joint production processes with MNCs can indeed enable local businesses to earn higher profits by accessing additional investments and leveraging the expertise and resources of MNCs.
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Direction: Mark the option which is most suitable:Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.Reason : MNCs can provide money for additional investments, like buying new machines for faster production.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?
Question Description
Direction: Mark the option which is most suitable:Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.Reason : MNCs can provide money for additional investments, like buying new machines for faster production.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.Reason : MNCs can provide money for additional investments, like buying new machines for faster production.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.Reason : MNCs can provide money for additional investments, like buying new machines for faster production.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?.
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