Advantages of MNC
- MNCs can reduce production costs by using local labor and raw materials.
- Production of good quality products is possible which can become useful for customers.
- MNCs, help to decrease the price of the product and also innovate new things.
- It also helps to improve the standard of living of the people and it grows the economy of the country.
- It builds capital in an efficient way.
MNC Full Form
MNC Stands for Multinational Company. A company that is well-established and have their branches in two or more than two countries. Many businesses are there in a nation that are capable to extend their business to an international level should be considered MNCs. MNCs helps to develop national pride and gives employment to a number of peoples in different countries which also helps to grow the GDP. There are many MNCs like Microsoft, Accenture, Intel, Coca-Cola, KFC, etc.