W

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wholly owned subsidiary
A subsidiary in which the firm owns 100 percent of the stock.

World Bank
International institution set up to promote general economic development in the world's poorer nations.

World Trade Organization (WTO)
The organization that succeeded the General Agreement on Tariffs and Trade (GATT) as a result of the successful completion of the Uruguay round of GATT negotiations.

worldwide area structure
Business organizational structure under which the world is divided into areas.

worldwide product division structure
Business organizational structure based on product divisions that have worldwide responsibility.

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