A cellphone provider establishes production operations in foreign countries to sell its phones in those regions. The operations perform as separate entities without any local direct involvement. These production operations are considered
A)joint ventures.
B)acquisitions.
C)wholly owned foreign subsidiaries.
D)strategic alliances.
E)franchises.

Question

Quizplus · Accepted Answer

Wholly owned foreign subsidiaries are operations set up in foreign countries where the parent company owns 100% of the subsidiary, allowing it to operate independently without local direct involvement.

A Cellphone Provider Establishes Production Operations in Foreign Countries to Sell