There are several reasons why companies choose to become multinational:
Market Expansion: By entering international markets, companies can increase their customer base and revenue. Resource Access: MNCs often seek to access natural resources or skilled labor that may not be available in their home country. Cost Efficiency: Operating in countries with lower labor costs or favorable tax conditions can significantly reduce expenses. Competitive Advantage: By diversifying their operations across multiple countries, companies can mitigate risks and increase their competitive edge.