A foreign firm that is 20% to 49% owned by a parent is called a/an:
A) subsidiary.
B) affiliate.
C) partner.
D) rival.

Question

Quizplus · Accepted Answer

A foreign firm that is 20% to 49% owned by a parent company is considered an affiliate. A subsidiary is a foreign firm that is more than 50% owned by a parent company, while a partner implies a joint venture or collaboration. Rival is an independent firm that competes with another firm in the same industry.

A Foreign Firm That Is 20% to 49% Owned by a Parent