A company that owns or controls production in more than one nation is a:
- Multinational corporation
- Cooperative credit society
- Public sector undertaking
- Joint stock holding bank
Show answer and solution
Correct answer: A. Multinational corporation
1. It sets up offices and factories abroad.
2. This is a multinational corporation, an MNC.
3. MNCs chase cheap labour and resources.
_Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._