Answer:
(i)
MNCs not only sell their finished products globally, but more importantly, the
goods and services are produced globally.
(ii) As a result, production is organised in increasingly complex ways.
(iii) The production process is divided into small parts
and spread out across the globe.
(iv) For example, China provides the advantage of being a
cheap manufacturing location. Mexico and Eastern Europe are useful for
their closeness to the markets in the US and Europe,
(v) India has highly skilled engineers who can understand
the technical aspects of production. It also has educated English-speaking
youth who can provide customer care services. And all this probably can
mean 50-60 per cent cost savings for the MNCs.
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