Choose the given statement is true/false:

Multinational Corporations (MNCs) owns and control the production in one part of the world.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Multinational Corporations enjoy the advantage of globalisation by setting up production units closest to the market while producing and selling in another country. They own and control the production units in different parts of the world. For example, they may have a research and development centre in Delhi, while the manufacturing team may be in Beijing. MNCs can source raw materials from other countries, produce goods where the cost of production is lowest and then sell the goods in markets worldwide.
The correct statement will be Multinational Corporations (MNCs) own and control production in different parts of the world.

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