​What role do MNCs play in the globalisation process?

Correct option is D

​The correct answer is (d) They integrate production and markets across different countries.

Explanation:

Multinational Corporations (MNCs) play a key role in globalization by integrating production and markets across different countries. They achieve this by:

• Setting up production units in different countries to benefit from cheaper labor, raw materials, and infrastructure.
• Facilitating the exchange of technology, goods, and services between nations.
• Enhancing foreign direct investment (FDI), which helps economies grow.
• Connecting local economies to global supply chains, making businesses more competitive worldwide.

For example, Apple designs its products in the USA, manufactures components in China, and sells them globally.

Information Booster:

Multinational Corporation (MNC):

• Definition: A multinational corporation (MNC) or multinational enterprise (MNE) is a company that is registered or operates in more than one country.
• Characteristics:
• Produces and sells goods or services globally.
• Plays a significant role in globalization.
• Can also be referred to as an international corporation.
• Historical Background:
• First MNC: British East India Company (Founded in 1600).
• Second MNC: Dutch East India Company (Founded on March 20, 1602).