Which of the following statements are true/false?
1. International companies donot have direct foreign investment.
2. MNCs have localised subsidiaries.
3. Global organisations treat the entire world as one single country.
4. TNCs combine the local responsiveness of an MNC and the efficiency of a global corporation.
A. 1 and 2 are true, 3 and 4 are false
B. 1, 2 and 3 are true, 4 is false
C. 1, 3 and 4 are true, 2 is false
D. 3 and 4 are true, 1 and 2 are false
Answer: Option C
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