All of the above. Firms may become Multinational Corporations (MNCs) to access better quality inputs, economies of scale, and managerial skills.

1. Better Quality Inputs: By expanding their operations across borders, firms can access high-quality inputs that may not be available in their home country. This can include raw materials, labor, technology, or knowledge.

2. Economies of Scale: MNCs can produce goods and services on a larger scale, which can lead to cost savings. They can spread their fixed costs over a larger volume of output, reducing the average cost per unit.

3. Managerial Skills: Firms can also benefit from the diverse managerial skills and business strategies in different countries. This can enhance their competitiveness and efficiency.

So, all these factors can motivate firms to become MNCs.

Question

All of the above. Firms may become Multinational Corporations (MNCs) to access better quality inputs, economies of scale, and managerial skills.

1. Better Quality Inputs: By expanding their operations across borders, firms can access high-quality inputs that may not be available in their home country. This can include raw materials, labor, technology, or knowledge.

2. Economies of Scale: MNCs can produce goods and services on a larger scale, which can lead to cost savings. They can spread their fixed costs over a larger volume of output, reducing the average cost per unit.

3. Managerial Skills: Firms can also benefit from the diverse managerial skills and business strategies in different countries. This can enhance their competitiveness and efficiency.

So, all these factors can motivate firms to become MNCs.

Knowee AI · Accepted Answer

All of the above. Firms may become Multinational Corporations (MNCs) to access better quality inputs, economies of scale, and managerial skills.

1. Better Quality Inputs: By expanding their operations across borders, firms can access high-quality inputs that may not be available in their home country. This can include raw materials, labor, technology, or knowledge.

2. Economies of Scale: MNCs can produce goods and services on a larger scale, which can lead to cost savings. They can spread their fixed costs over a larger volume of output, reducing the average cost per unit.

3. Managerial Skills: Firms can also benefit from the diverse managerial skills and business strategies in different countries. This can enhance their competitiveness and efficiency.

So, all these factors can motivate firms to become MNCs.

Firms may become MNCs in order to access better quality inputs. economies of scale. managerial skills. all of the above.

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Firms may become MNCs in order to access

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