When a Company Sets Up Its Own Overseas Operations, Independent

question 114

Multiple Choice

When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n)

• A)purely global strategy.
• B)competitive venture.
• C)wholly owned subsidiary.
• D)independent venture.
• E)multinational contract.

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Definitions:

High-context Cultures

Societies or groups where communication is often indirect, and understanding depends heavily on context, non-verbal cues, and shared backgrounds.

Contracts

Legally binding agreements between two or more parties.

Individualism Versus Collectivism

A cultural dimension that reflects the degree to which people in a society are integrated into groups or expected to be independent and self-reliant.

Individual Freedoms

Rights and liberties that allow individuals to express themselves, make choices, and pursue their interests without undue interference.