If a Swiss chocolate firm purchases a Canadian ice cream manufacturer,the Canadian ice cream manufacturer becomes a:

Question

Quizplus · Accepted Answer

When a company from one country purchases another company from a different country and establishes ownership and control over it, the acquired company becomes a foreign subsidiary. In this case, the Swiss chocolate firm has acquired the Canadian ice cream manufacturer, therefore it becomes a foreign subsidiary.

If a Swiss Chocolate Firm Purchases a Canadian Ice Cream