Question

Which of the following multinational corporations (MNCs) places local nationals in key positions and allows these managers to appoint and develop their own people? . a) Regiocentric multinational corporations (MNCs) b) Ethnocentric multinational corporations (MNCs) c) Polycentric multinational corporations (MNCs) d) Globalcentric multinational corporations (MNCs).

Answer 1

Answer:

C) Polycentric multinational corporations (MNCs)

Explanation:

The word Polycentric comes from the Greek pólus "many", and kentrikós "center", therefore, a polycentric multinational corporation is a corporation that:

• Is present in two or more nations, therefore, it is referred to as "multinational".
• Has many "centers" of operation, therefore, it is referred to as "polycentric".

A polycentric multinational corporation (MNCs) establishes local people in the top management positions in each country. This can result in a more rapid adaptation to the foreign market.