economicsTata Motors, Infosys, and Ranbaxy have emerged as :

Tata Motors, Infosys, and Ranbaxy have emerged as :


  1. A
    MNCs by extending their production centers abroad through investments.
  2. B
    MNCs by extending their production centers domestically through investments.
  3. C
    Both 1 and 2
  4. D
    None of these. 

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    Solution:

    Tata Motors, Infosys, and Ranbaxy have emerged as MNCs by extending their production centres abroad through investments. Foreign investments enable a company to enter the global market, bring in new products and maximise profits. Multinational companies have invested in other countries and outsourced certain services to expand their production, reach out to more potential consumers abroad, reduce production costs by setting up production in countries with cheap labour and resources and maximise profits. Foreign investment has increased competition in both international and domestic markets.
     
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