A __________ is a business in which a multinational company owns 100 percent of the stock.
A) joint venture
B) strategic alliance
C) wholly owned subsidiary
D) franchising operation

Question

Quizplus · Accepted Answer

A wholly owned subsidiary is a business in which a multinational company owns 100 percent of the stock. Two ways a firm can establish a wholly owned subsidiary are: acquire an existing company in the home country or develop a totally new operation (often referred to as a greenfield venture).

A __________ Is a Business in Which a Multinational Company