Direct investment in as a global market-entry strategy refers to a. having a company handle its own exports directly, without intermediaries. b. a domestic firm actually investing in and owning a foreign subsidiary or division. c. offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or a fee. d. a foreign company and a local firm investing together to create a local business.

The correct answer is letter "B": a domestic firm actually investing in and owning a foreign subsidiary or division.

Explanation:

There are several ways a firm can enter into a foreign market. Companies can achieve that by exporting, licensing or franchising, engaging in a joint venture, making a direct investment or using trade intermediaries.  

If the organization decides to make a direct investment, it implies being in charge of all the activities of the company abroad through wholly-owned subsidiaries. While it allows the company to take control over the operations of the firm wherever it is they decide to invest, costs are higher and the company must diversify its labor hand by hiring specialists in each different market -to help the organization understand more about regulations, for instance.