: SAGE: subsidiary

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subsidiary

The term subsidiary covers a range of organizational units and subunits, be they part- or wholly owned, foreign or domestic, acquisition or spin-off, formally or informally integrated. This term does imply significant legal ownership and a measure of control from the corporate headquarters (or upper) level of the organization, although, as already implied, contemporary parlance is to allow a broader range of relationships. [Source: Encyclopedia of Business in Today's World; Subsidiary]

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