Nokia has established production operations in foreign countries to sell its phones in those regions. The production operations perform as separate entities without any local direct involvement. These production operations are _____ of Nokia.
A) joint ventures
B) acquisitions
C) wholly owned subsidiaries
D) mergers
E) hostile takeovers

Question

Quizplus · Accepted Answer

Wholly owned subsidiaries are production operations established in a foreign country independent of any local direct involvement.

Nokia Has Established Production Operations in Foreign Countries to Sell