When it comes to multinational corporations (MNCs), the statement "outsource jobs to places with cheaper labor" is true. This means that MNCs may choose to move some of their business operations to other countries where labor is less expensive, in order to reduce costs and increase profitability.
Here's why this is true:
1. MNCs often seek to cut costs by taking advantage of wage differences between countries. By outsourcing jobs to places with cheaper labor, they can produce goods or services at a lower cost, which can make them more competitive in the global market.
2. For example, a company based in a high-wage country may decide to outsource its customer service call center operations to a country where labor costs are lower. This can result in cost savings for the company, but it can also lead to concerns about job loss in the home country.
So, in summary, outsourcing jobs to places with cheaper labor is a common practice among multinational corporations as a strategy to reduce costs and improve competitiveness in the global market.
