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 foreign subsidiaries
D)mergers
E)hostile takeovers

Question

Quizplus · Accepted Answer

Wholly owned foreign 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