Choose the given statement is True/False

Local businesses do not get certain benefits when they work in partnership with the MNCs.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The given statement is not True.
Multinational companies own and produce in more than one nation. They set up businesses in countries where they can minimise their cost of production. This will help them to maximise their profits. Multinational corporations help local businesses to grow as well. When multinational corporations start production in a new country, they bring new production techniques and advanced technology, which the local companies can also adapt. This helps the local businesses to improve their production and earn higher profits. Local businesses will also have to share their resources in case of a partnership. But it is beneficial for them altogether.
The correct statement should be that local businesses also get certain benefits when they partner with the MNCs.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th