UniVision Corporation,a U.S.company,sets up a firm in Vietnam.UniVision remains in the United States and retains ownership of the Vietnamese branch,as well as authority and control over all phases of the operation.This is

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This scenario is describing a wholly owned subsidiary, as UniVision Corporation retains ownership and control over the Vietnamese branch without partnering with any local companies or investors. A franchise involves licensing a brand and business model to a third party, joint ventures involve partnerships between two or more firms, and direct exporting involves selling products directly to foreign customers without establishing a local presence.