Question

Long Answer Type Questions: Why are global enterprises considered superior to other business organisations?

Answer 1

Global enterprises are considered superior to other business organisations because:

1. Advanced Technology: MNCs use advanced and sophisticated technology in their production process.
   
2. Huge wealth: MNCs have huge physical and financial assets. It keeps on increasing with increase in network of operations.
3. Efficient management: MNCs have expert and skillful employees in their teams which help in efficient management
4. Wide area of operations: MNCs have a wide area of operations and hence has a bigger market.
5. Innovation: MNCs brings forth innovative products with the help of the latest technologies.