Choose the given statement is True/False:

Ranbaxy deals in FMCG products.

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True

False

answer is B.

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Detailed Solution

It is false. Ranbaxy is an Indian Multinational Pharmaceutical Corporation dealing in medicines. It researches and produces a wide range of generic medications that are trusted by doctors all over the world. Although the brand is still alive, the company merged with Sun Pharmaceuticals in 2014. It is an example of a multinational corporation. A global company is a corporation that owns and controls production in various countries. An investment made by Multinational companies from foreign countries is termed a foreign investment. It is very beneficial for the MNC that is investing and the country it is investing in. It helps move technology, investments and human resources between countries. It also promotes foreign trade.

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