Question

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

Answer 1

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

Step-by-step 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.