Donald enjoys the excitement and challenge of forming a firm in Europe that is totally owned and controlled by his company because he knows that although the investment will be substantial,it could result in a large return.This type of organization is an example of a ____.
A)joint venture
B)total investment agreement
C)strategic alliance
D)wholly-owned subsidiary
E)maquiladoras

Question

Quizplus · Accepted Answer

A wholly owned subsidiary is a foreign subsidiary that is totally owned and controlled by an organization.The foreign subsidiary may be an existing company that is purchased outright.

Donald Enjoys the Excitement and Challenge of Forming a Firm