Domestication occurs when the host country takes title to all of the assets of the foreign company.

Name: Domestication occurs when the host country takes title to all of the assets of the foreign company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Domestication refers to the process of a foreign company becoming a locally incorporated entity in a host country and operating under local laws and regulations. It does not necessarily involve the host country taking title to all of the foreign company's assets.

Domestication Occurs When the Host Country Takes Title to All