Boasting a $1.6 billion Ketchup brand, the 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.
A) licensed venture
B) joint venture
C) export trading company
D) foreign subsidiary

Question

Quizplus · Accepted Answer

A foreign subsidiary is a company that is controlled by another company in a different country. In this case, Heinz owns ABC, which is based in Indonesia, making it a foreign subsidiary.