Boasting a $1.6 billion Ketchup brand,the H.J.Heinz Company is flying high with a 44% increase in its sales of Indonesian based ABC,a soy sauce company that it owns.ABC is a _____________ of Heinz.

Question

Quizplus · Accepted Answer

A foreign subsidiary is a company that is owned or controlled by a parent company in a foreign country. In this case, the H.J. Heinz Company owns ABC, which is based in Indonesia, making it a foreign subsidiary of Heinz.