In simple words please explain what the following words mean in business, Joint Venture(JV), Wholly Foreign Owned Enterprise (WFOE), and Representative Office(RO)?
Question
#93133. Asked by armindasantana. (Mar 04 08 6:54 AM)
cinnam0n
a. A joint venture is simply when two parties join together in an economic activity.
b. A wholly foreign owned enterprise is pretty much just what the name says, a company that is 100% owned by a foreign country. They were designed to help China attract foreign investors.
c. A representative office is an office set up (in a foreign country) up as a liaison on behalf of its head office. It is limited to "non-direct" business activities.
Each of the following clues is about a single word with the smaller words "and", and "or" inside. They're not jumbled, but may appear in reverse order. I will give you the other letters in proper order. Hope you have a good time and/or fun!
"Ask FunTrivia" is for entertainment purposes only, and answers offered are unverified and unchecked by
FunTrivia. We cannot guarantee the accuracy or veracity of ANY statement posted. Feel free to post an updated
response
if you feel that an answer is inadequate or incorrect. Please
thoroughly research items where accuracy is important to you using multiple reliable sources. By accessing our
website, you agree to be bound by our terms of service.
Sign up to see all responses!
