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When ____ are set up in other nations, they try to collaborate with other local firms.

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Detailed Solution

When multinational companies are set up in other nations, they try to collaborate with other local firms. This collaboration serves local enterprises with two-fold benefits. It is a certain fact that these MNCs will bring highly updated, well-featured equipment and machinery with them. This will create an opportunity for local firms to work with updated technology. On the other hand, these corporations also serve the local firms with money they can use for further investment, increasing production. This proves that setting up MNCs is beneficial for the country to which it belongs and the nation where it is deciding to set up.

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