Choose the given statement is True/False:

Multinational companies give benefits to the collaborating local companies in many ways.

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True

False

answer is A.

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Detailed Solution

Yes, It is True. Local companies can benefit in many ways through collaboration with multinational corporations. However, there are two significant ways in which local companies can help:
1) Since multinational corporations want the product they manufacture to be of the best quality, they provide these local companies who work for them with the best inputs and the latest and additional investment for buying new machines for faster and smooth production.
2) Multinational corporations often continuously keep investing in new methods of production as well as in advanced technologies to raise their production. Hence collaboration of local companies with these multinational corporations enables these local companies to get an overview of the latest technologies available for production.

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