UniVision Corporation,a U

question 39

Multiple Choice

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

• A)a franchise.
• B)a wholly owned subsidiary.
• C)a joint venture.
• D)direct exporting.

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Definitions:

Hierarchical Levels

The different layers of authority and responsibility within an organizational structure, often depicted as a pyramid.

Service-providing Industries

Sectors that involve offering intangible goods or services to consumers, such as healthcare, finance, and education.

Total Costs

The aggregate amount of all expenses associated with the production of a good or the operation of a business.

Larger Firms

Companies or businesses that employ a large number of workers and typically have a substantial volume of business operations and market influence.