FIGURE 7-7 -When Nestlé Actually Owns a Subsidiary or Division in a Division

question 161

Multiple Choice

FIGURE 7-7
-When Nestlé actually owns a subsidiary or division in a foreign country, such as when it established its own ice cream manufacturing operation in China (see Figure 7-7 above) , this global market entry strategy is known as __________ and represents the greatest commitment a company can make.

• A)licensing
• B)local assembly
• C)a joint venture
• D)direct investment
• E)local manufacturing

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Definitions:

Class Consciousness

Awareness of one's social class and its implications, often leading to collective political action or solidarity.

Manifest Function

The explicit, intended goals or consequences of social processes or institutions.

Latent Function

refers to the unintended or unrecognized positive consequences of a social process or structure.

Primary Function

The main or most important purpose or operation of an object, system, or organization.