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Justify the following statement. MNC has mighty economic powers. - Organisation of Commerce and Management

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Question

Justify the following statement.

MNC has mighty economic powers.

Short Note

Solution

  1. As MNC is operating on a global basis, they have huge physical and financial assets.
  2. In terms of assets and turnover, many MNCs are bigger than the national economies of several countries.
  3. Multinational corporations are powerful economic entities.
  4. Multinational corporations keep on adding to their economic power through constant mergers and acquisitions of companies in host countries.
  5. Thus, MNC has mighty economic powers.
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Multinational Corporations
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Chapter 5: Forms of Business Organisation - 2 - EXERCISE [Page 116]

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Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
Chapter 5 Forms of Business Organisation - 2
EXERCISE | Q 6. 7) | Page 116
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