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United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding facilities in Suzhou, China. This allowed them to fulfill their mission of being a global supplier to their global accounts, and the direct investment would be referred to as a(n) __________.
Group of answer choices:
A. foreign subsidiary
B. joint venture
C. global new venture
D. franchise

Respuesta :

Answer:

The correct answer is letter "C": global new venture.

Explanation:

A global new venture is an investment made by a middle size company abroad that typically has for mission the accomplishment of social well-being. These ventures are characterized by being funded by themselves without the need for a merger or a joint venture.

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