Business Studies

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


SOLUTION
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.
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