Question

Suman and Suman International Limited, registered in India, is a bank that accepts deposits from people and gives loans all around the world. It operates in 10 countries. To maintain data and systems of the bank, it has hired a Canadian IT company, Technofy Limited.

Analyse and identify which of the following is true with respect to Suman and Suman International Limited.

• A. Suman and Suman International Limited is a national company that provides goods to people all around the world. It has outsourced IT services to Technofy Limited.
• B. Suman and Suman International Limited is a multinational company that provides services to people all around the world. It has outsourced IT services to Technofy Limited.
• C. Suman and Suman International Limited is a national company that provides goods to people all around the world. It has outsourced its IT services to Technofy Limited.
• D. Suman and Suman International Limited is a multinational company that provides goods and technology to people all around the world. It has outsourced IT services to Technofy Limited.

Answer 1

The correct option is B Suman and Suman International Limited is a multinational company that provides services to people all around the world. It has outsourced IT services to Technofy Limited.

Suman and Suman International Limited is a multinational company as it is registered in one country but does business in 10 countries. Due to globalization, it can provide banking services to people all around the world. There is exchange of service as IT services are outsourced to Technofy Limited. When other companies are hired to take care of certain departments of business, it is known as outsourcing.