What Are the Common Ways in Which Large Companies Set

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The Answer is International business operations appear in a variety of forms. The most common way medium to large companies "go international" is simply to set up operations overseas that they own; such operations are called wholly owned subsidiaries. In some instances, American firms may join up with foreign firms and create new companies, called joint ventures.
Joint ventures have mushroomed in recent years for two reasons. First, the local laws of some countries do not allow subsidiaries to be wholly owned by foreign companies. Often, such laws require that local operations have at least a 51 percent ownership. Second, joint ventures allow companies to draw on others' expertise: No one company can know everything it needs to know to sell or manufacture products across diverse worldwide business markets.

What Are the Common Ways in Which Large Companies Set

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What Are the Common Ways in Which Large Companies Set

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Correct Answer:
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