alleryJoint production with a local company allows an MNC to
Ause local knowledge of markets, regulations, contacts and supply chains
Bavoid all taxes
Cbypass labour laws
Doperate in secrecy
Answer & Solution
Correct answer: A. use local knowledge of markets, regulations, contacts and supply chains
1. Joint ventures help MNCs leverage local-partner knowledge and connections.
2. The Indian partner gains capital and technology in return.
3. Such partnerships are common when MNCs enter Indian markets.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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