Economics
In what ways is a MNC different from other companies?
Global & Ind Econ
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Answer
| MNC | Other companies |
|---|---|
| MNCs operate in multiple countries. | Domestic companies conduct their business operations within a single country. |
| MNCs own or control production in more than one nation. They set up offices and factories where they can access cheap labour. | Other companies typically own and control production in only one country. |
| MNCs seek to maximize profits by operating across borders, capitalizing on diverse markets and cost efficiencies. | They aim for profitability but their focus is primarily within their home country. |
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