BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INTERNATIONAL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
LG India is an example of
A
Exporting
B
Joint Venture
C
Cross Border merger
D
Wholly Owned Subsidiaries
Explanation: 

Detailed explanation-1: -Established in 1997, LG Electronics India (LGEI) is a wholly-owned subsidiary of LG Electronics, South Korea. It is one of the leading companies in consumer electronics, home appliances and computer peripherals in India.

Detailed explanation-2: -The electronics giant LG Corp. accounts for nearly 70% of the clan’s fortune. The biggest shareholder, Chairman Koo Bon-Moo, lost his only son in 1994 and adopted nephew Koo Kwang Mo, who is in line for succession. The family’s interests span chemicals, telecommunications, fashion and machinery.

Detailed explanation-3: -LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG Electronics, South Korea was established in January 1997 in India.

Detailed explanation-4: -LG Electronics India Limited is a Non-govt company, incorporated on 20 Jan, 1997. It’s a public unlisted company and is classified as’company limited by shares’. Company’s authorized capital stands at Rs 11500.0 lakhs and has 98.37281% paid-up capital which is Rs 11312.87 lakhs.

Detailed explanation-5: -LG Electronics, Inc. KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, home appliances and mobile communications, employing more than 72, 000 people working in over 120 operations including 80 subsidiaries around the world.

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