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Question
Justify the following statement.
MNC has worldwide existence.
Solution
- Multinational Corporation is operating on a global basis.
- Multinational corporations have marketing operations in several countries operating through a network and branches.
- They have production facilities in several countries.
- Advanced Technology and international business operations are done by MNC.
- It brings in much needed foreign capital for rapid development.
- Multinational corporations integrate economies of various nations with the world economy.
- Thus, MNC has worldwide existence.
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