A Foreign Subsidiary Over Which an Organization Has Complete Control

question 70

Multiple Choice

A foreign subsidiary over which an organization has complete control is called a:

• A) joint venture.
• B) licensing agreement.
• C) franchise.
• D) wholly owned foreign subsidiary.
• E) foreign venture.

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Definitions:

Exchanging Business Cards

A formal introduction and networking practice where individuals exchange cards containing business and contact information during professional meetings or events.

Ethnocentric Orientation

A viewpoint that evaluates other cultures according to the standards and customs of one's own culture, often leading to cultural bias and misunderstanding.

Local Managers

Managers who are responsible for overseeing operations within a specific geographic location, understanding the local market, culture, and business practices.

Geocentric Companies

Companies that adopt a global approach to their operations, not favoring any particular country, and seeking the best approaches and people from around the world.