Final answer:
The statement is true. MNCs have a global reach but concentrate their activities in advanced industrial countries.
Step-by-step explanation:
The statement that 'although MNCs have a global reach, their activities are overwhelmingly concentrated in the advanced industrial countries' is true.
MNCs, or multinational corporations, are companies that operate in multiple countries and have a global presence. While they have the ability to operate in many different countries, the majority of their activities, such as manufacturing facilities, research and development centers, and headquarters, are located in advanced industrial countries.
These countries have well-established infrastructure, skilled labor force, and favorable business environments, which makes them attractive locations for MNCs to concentrate their activities.
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