A Firm Can Establish a Wholly Owned Subsidiary in a Country

question 44

Multiple Choice

A firm can establish a wholly owned subsidiary in a country by building a subsidiary from the ground up, called the

• A) joint venture.
• B) turnkey strategy.
• C) licensing agreement.
• D) greenfield strategy.

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Definitions:

Angela Lee Duckworth

A psychologist recognized for her studies on persistence and determination as crucial elements for success.

Talent and Achievement

The combination of natural abilities and hard work leading to significant accomplishments.

Entrepreneurial Intentions

The determination and desire to create a new business venture.

Deliberate Practice

A highly structured activity engaged in with the specific goal of improving performance, often requiring considerable, specific, and sustained efforts.