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Q.

Companies that control production or own assets in more than ____ country are known as MNCs.


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Detailed Solution

Companies that control production or own assets in more than one country are known as MNCs (Multinational Corporations). Most MNCs establish their offices in countries where they can produce their goods at a low cost (through cheap labour and raw materials). It enables them to sell high-quality products at low prices. Thus, in this manner, MNCs can ensure high rates of profit. Additionally, MNCs establish their business in countries with a demand for their products.
 
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