Single Answer MCQ
Q-00045554
Which factor helps MNCs like Ford to reduce costs in countries like India?
1
High-tech machinery exclusively from India
2
Access to skilled labor at lower wages
3
Significant international tariffs
4
Less competition in the local market
Answer and Solution
Answer
B. Access to skilled labor at lower wages
Solution:
MNCs like Ford benefit from access to skilled labor at lower wages in countries like India, which helps them reduce production costs.
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