Question

State with reasons whether the following statements are True or False.

Multinational companies have branches throughout the world.

Answer 1

Multinational companies have branches throughout the world- True

Explanation:
The above statement is correct. A multinational company (MNC) is a business enterprise that has its operations in various countries, with its headquarters in one of the countries. However, MNCs exercise centralised control, i,e. the management and control of MNCs lie in the hands of the parent company or the headquarter.