The primary difference between wholly owned subsidiaries and branch offices is that subsidiaries
A) are owned and operated by the host country; whereas branch offices are operated by natives of the country where it is located
B) are part of the parent company; whereas branch offices are a type of joint venture
C) are separate entities, whereas branch offices are entities of the international company
D) are part of a strategic alliance; whereas branch offices are part of a joint venture
Correct Answer:
Verified
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