When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n)
A)purely global strategy.
B)competitive venture.
C)wholly owned subsidiary.
D)independent venture.
E)multinational contract.

Question

Quizplus · Accepted Answer

A wholly owned subsidiary is a company that is completely owned and controlled by another company, often located in a foreign country. This allows the parent company to have full control over its operations and decision-making processes in that country.

When a Company Sets Up Its Own Overseas Operations, Independent