___ is when a company buys land or other resources in another country.

The correct answer is foreign direct investment, which refers to a scenario in which a company invests directly in land, facilities, or other assets in another country. This type of investment enables the company to establish a physical presence and operate in the foreign market, allowing for greater control over operations, production, and marketing. Foreign direct investment is typically aimed at long-term engagement in the local economy and may involve significant capital investment to develop the acquired resources.

In contrast, a wholly-owned subsidiary pertains to a business operation that is completely owned by the parent company, but it does not necessarily imply the initial act of purchasing land or resources in another country. Management contracting involves hiring a third party to manage a company’s operations but does not entail direct ownership of assets. A joint venture is an arrangement in which two or more companies work together on a specific project, sharing resources and risks, but it also does not specifically denote the purchase of land or resources.