International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Question
Chapter 13.4, Problem 2QS4
Summary Introduction
To Determine:
Mention the facility that owns and controls a wholly owned subsidiary.
Introduction:
A wholly owned subsidiary is owned and controlled by the holding company.
Holding company is a company that owns 51% to 100% of voting stock in another company and which gives them the power to control the latter’s policy.
Subsidiary company is a company whose 51% to 100% of the voting stock is owned by the other company. Whereas, a wholly owned subsidiary is a company whose 100% voting stock is owned by another company.
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International Business: The Challenges of Globalization (8th Edition)
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