Final answer:
Multinational companies (MNCs) hire people from other countries to make their goods and provide their services for several reasons. One main reason is that MNCs can often find cheaper labor in developing countries, allowing them to save on production costs. Another reason is that hiring people from other countries can give MNCs access to a wider range of skills and expertise. In addition, hiring people from other countries can help MNCs expand their market reach.
Step-by-step explanation:
Multinational companies (MNCs) hire people from other countries to make their goods and provide their services for several reasons. One main reason is that MNCs can often find cheaper labor in developing countries, allowing them to save on production costs. By employing workers in other countries, MNCs can take advantage of lower wages and costs of living in those countries.
Another reason is that hiring people from other countries can give MNCs access to a wider range of skills and expertise. Different countries may have specialized knowledge or talents that can benefit the company, such as technological innovations or unique production methods.
In addition, hiring people from other countries can help MNCs expand their market reach. By having employees who are familiar with local cultures, languages, and customs, MNCs can better understand and cater to the needs and preferences of customers in different parts of the world.