How do MNCs manage the production in other countries?

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Asked: March 5, 20232023-03-05T20:35:53+05:30 2023-03-05T20:35:53+05:30In: Social Science

Hi, I have a question and I hope anyone could answer it:

How do MNCs manage the production in other countries?

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Examgyani Team · Accepted Answer · 2022-08-14T13:26:23+05:30

MNCs not only sell their finished products globally, but more importantly, the goods and services are produced globally.
As a result, production is organised in incr-easingly complex ways.
The production process is divided into small parts and spread out across the globe.
For example, China provides the advantage of being a cheap manufacturing location. Mexico and Eastern Europe are useful for their closeness to the markets in the US and Europe.
India has highly skilled engineers, who can understand the technical aspects of production. It also has educated English-speaking youth who can provide customer care services. And all this probably can mean 50-60 per cent cost savings for the MNCs.