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Meaning of subsidiary

 

 

 

Subsidiary

 

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Business glossary

 

Meaning of term subsidiary :

 

A subsidiary is a firm that is more than 50% owned by another firm. Many large companies and multinationals are organised as holding companies that own a number of subsidiary firms who are run independently by a board of directors, but who are ultimately answerable to the holding company.

 

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Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

 

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Subsidiary

 

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Meaning of term subsidiary

 

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