Pillsbury is a firm that operated throughout Canada,even when it was wholly owned by a British company,Grand Metropolitan.Pillsbury is an example of a(n):
A)licensed venture.
B)foreign subsidiary.
C)joint venture.
D)export trading company.

Question

Quizplus · Accepted Answer

Pillsbury is a foreign subsidiary because it is a company that is owned by a foreign parent company (Grand Metropolitan) and operates in a different country (Canada) than its headquarters. A licensed venture involves granting permission or a license to a foreign company to use a company's intellectual property or technology. A joint venture involves two or more companies coming together to form a separate entity. An export trading company is a business that provides services to companies involved with exporting goods.

Pillsbury Is a Firm That Operated Throughout Canada,even When It