Which of the following statement are correct?
1. Contractual agreements as global market entry involve a transfer of trademarks or human skills.
2. When one company acquires another, the one acquired becomes a subsidiary of the acquiring company.
3. In international business, all the operations are conducted on a very huge scale.

A. Only 1

B. Both 1 and 2

C. All of the above

D. None of the above

Answer: Option C