A __________ is a local operation completely owned by a foreign firm.
A) foreign partnership
B) franchise
C) foreign subsidiary
D) licensee

Question

Quizplus · Accepted Answer

A foreign subsidiary is a company that is completely owned by a foreign firm, but operates locally in another country. It is a separate legal entity from the parent company and is subject to the laws and regulations of the host country.

A __________ Is a Local Operation Completely Owned by a Foreign