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Q.

Companies owning production across borders are known as


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a

Private companies

b

Public sector companies

c

MNC’s

d

Brands 

answer is C.

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Detailed Solution

Multinational Corporations are companies that own or control the production in more than one nation, across borders.
MNCs set up their offices and factories for production in regions where they can get cheap labor and other resources. This is done so that the cost of production is low and the MNCs can earn greater profit. In general, MNCs set up production closest to the market where skilled and unskilled labor is available at a low cost and where the availability of other factors of production is assured.
 
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