Page 3 - Home Assignment 14
P. 3
relating to transfer of technology, pricing, dividend payments, tight
control by foreign technicians, etc.
Big industrial houses wanting to diversify and expand have gained by
collaborating with MNCs in terms of patents, resources, foreign exchange
etc.
(iii) Advanced technology:
These enterprises possess technological superiorities in their methods of
production. They are able to conform to international standards and
quality specifications. This leads to industrial progress of the country in
which such corporations operate since they are able to optimally exploit
local resources and raw materials. Computerization and other inventions
have come due to the technological advancements provided by MNCs.
(iv) Product innovation:
These enterprises are characterized by having highly sophisticated
research and development departments engaged in the task of developing
new products and superior designs of existing products. Qualitative
research requires huge investment which only global enterprises can
afford.
(v) Marketing strategies:
