_____ makes it possible to execute large projects requiring huge capital outlays and manpower.

Wholly Owned Subsidiaries

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Franchising

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Joint venture

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Contract manufacturing

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Solution

The correct option is C Joint venture
Since the joint venture is not a legal entity, it does not enter into contracts, hire employees, or have its own tax liabilities. These activities and obligations are handled through the co-venturers directly and are governed by contract.

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Similar questions

Q. Select the proper option from the options given below and rewrite the sentences.

In ________ the parent company makes 100% investment in its equity capital and thus acquires full control over the foreign company.

(a) Contract Manufacturing
(b) Wholly Owned Subsidiaries
(c) Foreign Companies

One of the ways of establishing a wholly owned subsidiary is acquiring an established firm in the foreign country and using that firm to manufacture or promote its products. In March 2008, Tata Motors acquired Jaguar Land Rover, making it a wholly owned subsidiary of Tata.

A business who wants to start a manufacturing concern approaches you to suggest him whether following manufacturing concerns would require large or small working capital

(a) Bread (b) Sugar (c) Coolers.

Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.

Q. An industry which involves huge capital, huge machines and modern technology to manufacture goods is called a ___________.

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_____ makes it possible to execute large projects requiring huge capital outlays and manpower.

The correct option is C Joint ventureSince the joint venture is not a legal entity, it does not enter into contracts, hire employees, or have its own tax liabilities. These activities and obligations are handled through the co-venturers directly and are governed by contract.

The correct option is C Joint venture
Since the joint venture is not a legal entity, it does not enter into contracts, hire employees, or have its own tax liabilities. These activities and obligations are handled through the co-venturers directly and are governed by contract.