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DIRECTION : Mark the option which is most suitable :
Assertion : Local businesses may set up joint production process 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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DIRECTION : Mark the option which is most suitable :Assertion : Local...
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 result in fast-paced production.
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DIRECTION : Mark the option which is most suitable :Assertion : Local...
Assertion : Local businesses may set up joint production process with MNCs and earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.
The correct answer for this question is option 'A', which states that both the assertion and reason are true, and the reason is the correct explanation of the assertion. Let's analyze the assertion and reason in detail to understand why this is the correct answer.
Explanation:
Joint Production Process with MNCs:
- Local businesses collaborating with multinational corporations (MNCs) and setting up joint production processes can be mutually beneficial.
- By joining forces, local businesses can gain access to the resources, expertise, and global market reach that MNCs possess.
- This collaboration allows local businesses to expand their production capabilities, enhance their product quality, and improve their competitiveness in the market.
Earning Higher Profits:
- When local businesses set up joint production processes with MNCs, they can benefit from economies of scale and scope.
- By sharing resources, such as machinery, technology, and distribution networks, both parties can reduce costs and increase efficiency.
- This leads to higher production volumes, lower average costs, and ultimately, higher profits for local businesses.
Additional Investments:
- The reason provided in the question states that MNCs can provide money for additional investments, such as buying new machines for faster production.
- This is a valid reason as MNCs often have greater financial resources compared to local businesses.
- By investing in new machinery or technology, the joint production process can become more efficient, leading to increased productivity and profitability.
Explanation of Correct Answer (Option A):
- Option A states that both the assertion and reason are true, and the reason is the correct explanation of the assertion.
- This is supported by the fact that joint production processes with MNCs can indeed help local businesses earn higher profits.
- The reason provided in the question further explains how MNCs' financial resources can enable additional investments, leading to improved production processes and increased profitability.
In conclusion, the correct answer is option 'A', as both the assertion and reason are true, and the reason correctly explains why local businesses may set up joint production processes with MNCs to earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.
The correct answer for this question is option 'A', which states that both the assertion and reason are true, and the reason is the correct explanation of the assertion. Let's analyze the assertion and reason in detail to understand why this is the correct answer.
Explanation:
Joint Production Process with MNCs:
- Local businesses collaborating with multinational corporations (MNCs) and setting up joint production processes can be mutually beneficial.
- By joining forces, local businesses can gain access to the resources, expertise, and global market reach that MNCs possess.
- This collaboration allows local businesses to expand their production capabilities, enhance their product quality, and improve their competitiveness in the market.
Earning Higher Profits:
- When local businesses set up joint production processes with MNCs, they can benefit from economies of scale and scope.
- By sharing resources, such as machinery, technology, and distribution networks, both parties can reduce costs and increase efficiency.
- This leads to higher production volumes, lower average costs, and ultimately, higher profits for local businesses.
Additional Investments:
- The reason provided in the question states that MNCs can provide money for additional investments, such as buying new machines for faster production.
- This is a valid reason as MNCs often have greater financial resources compared to local businesses.
- By investing in new machinery or technology, the joint production process can become more efficient, leading to increased productivity and profitability.
Explanation of Correct Answer (Option A):
- Option A states that both the assertion and reason are true, and the reason is the correct explanation of the assertion.
- This is supported by the fact that joint production processes with MNCs can indeed help local businesses earn higher profits.
- The reason provided in the question further explains how MNCs' financial resources can enable additional investments, leading to improved production processes and increased profitability.
In conclusion, the correct answer is option 'A', as both the assertion and reason are true, and the reason correctly explains why local businesses may set up joint production processes with MNCs to earn higher profits.
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DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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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DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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 Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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 Humanities/Arts 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 process 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?.
DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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 Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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 Humanities/Arts 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 process 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?.
Solutions for DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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? in English & in Hindi are available as part of our courses for Humanities/Arts.
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ample number of questions to practice DIRECTION : Mark the option which is most suitable :Assertion : Local businesses may set up joint production process 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? tests, examples and also practice Humanities/Arts tests.
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