(a) The markets have been transformed in the following ways:
(i) MNCs organise the production, distribution process globally in a complex way. For example, Tata Motors, Coca Cola or Tesla have unique styles of investment plans for different nations.
(ii) The markets of the entire world have been interlinked. For example, we can buy any product available in other countries by just clicking on our devices.
(iii) Faster and better transportation network enabled the faster delivery of goods and services at longer distances at lower costs. For example, perishable products of other countries are available in local markets in no time.
(iv) The customers now have a wide variety of products to choose in the market. For example, automobile industry in India.
(v) Our market has grown multifold in number and the transactions are happening more on virtual mode than the physical exchange of money.
OR
(b) Multinational Corporations are spreading their production in the different ways:
(i) By setting up partnership with local companies. For example, Maruti and Suzuki has a partnership in automobile industry. Here, Suzuki is a Japanese company which has a tie up with an Indian company, Maruti.
(ii) By placing orders with local companies. E.g.: Garments, footwear, sports items etc. The global brands outsource the manufacturing keeping in mind the lowcost factor.
(iii) By buying local companies. E.g.: Cargill Foods is a MNC which has bought Parakh Foods in India.
(iv) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
(v) MNCs are spreading their production and interacting with the local producers in various countries across the globe.