44. when an exporting firm finds that its local agent also represents its competitors' products, the...
44. when an exporting firm finds that its local agent also
represents its competitors' products, the firm can switch to a
________ to handle marketing, sales and service at the local
level.
a. wholly owned subsidiary
b. a franchise agreement
c. a turnkey operation
d. license agreement
Homework Answers
Option A
Explanation: A wholely owned subsidiary is a company of which the entire stock is owned by the parent company.
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