QA Globalisation
Chapter: Globalisation Answer the following questions Q 1. What do you mean by a Multi National Corporation (MNC)? Explain their production technique? Ans. A multinational corporation is a company that owns or controls production in more than one nation. Ex:- Hindustan Lever Limited, Ford Motors. The MNCs set up offices and factories in those regions where labour and other resource are available at cheap rates. So they can reduce cost of production and earn more profits. Q 2. What are the factors which influence the setting up of the units of Multi National Corporations (MNCs)? Ans. Factors which influence the setting up of the units of MNCs are- a. Closeness to the market. b. Availability of skilled labour at cheap rate. c. Availability of raw materials at cheep rate. d. Favourable Govt. policies. Q3. What is called investment? The money which is spent to buy assets such as land, building, machines and other equipments is called investment. Q4 What are the various ways in which MNCs s...