Question

suppose boeing decided to build an assembly plant in iceland and, in an effort to maintain maximum control, decided to operate the plant completely on its own. this is an approach to foreign market entry referred to as __. a. wholly owned subsidiary b. turnkey operation c. greenfield venture d. joint venture e. exporting clear my choice

Explanation:

A wholly - owned subsidiary is a foreign market entry strategy where a company has full ownership and control of its operations in a foreign country. In this case, Boeing wants maximum control and operates the plant alone, which is characteristic of a wholly - owned subsidiary. A turnkey operation is a project where a company builds and then hands over a facility. A greenfield venture is building a new operation from the ground up but doesn't necessarily imply full - control by one company. A joint venture involves two or more companies sharing ownership and control. Exporting is selling products from one's home country to a foreign country without building a local plant for production.

Answer:

A. wholly owned subsidiary