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

Establishing a wholly owned subsidiary, which is an independent company owned by the parent corporation, is the most costly method of serving an overseas market.

When a Company Sets Up Its Own Overseas Operations, Independent