Write a short note on MNCs with an example.

A MNC or Multinational Corporation is a company that owns or controls production in more than one nation. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. The cost of production is reduced considerably due to cheap labour and the MNCs earn great profits. MNCs not only sell their finished products globally, the goods and services are produced globally. Because of this global production , today's consumer has a wide choice of goods and services at a very reasonable price. Cognizant Technology Solutions is a MNC which provides end-to-end solutions in Consulting, Application Value Management, Application Development, Re-engineering, and Platform Consolidation across all major technologies.The company's Head Quarters is in New Jersey, USA. The Company has Offices in the following countries.

(i) Canada	(ii) United Kingdom	(iii) Germany	(iv) Switzerland	(v) France
(vi) Malaysia	(vii) Singapore	(viii) Australia	(ix) China	(x) India