As part of its international expansion strategy, Jade Inc., an American software company, acquired Verde Inc., a Mexican software company. All of Verde's operations are now owned by Jade. One of the challenges that Jade faced was overcoming the cultural and language barriers that posed difficulty in the integration of Verde's existing culture with that of Jade's. Given this information, it can be said that Verde is a _____ of Jade.

Question

Quizplus · Accepted Answer

Verde Inc. is considered a subsidiary of Jade Inc. because it has been acquired and is now fully owned by Jade, indicating a parent-subsidiary relationship rather than a licensing, franchising, or proprietorship arrangement.

As Part of Its International Expansion Strategy, Jade Inc