Definition: A company owned by a parent company or a holding company, also called daughter company or sister company.
Alright class, settle down and let’s take a look,
At a word that’s important, a business book!
Today we’re tackling “subsidiary,” it’s true,
Let's break it down for me and you.
The dictionary says, quite clear and bright,
“A company owned by someone else, with all its might!”
Think of a parent, big and strong,
That guides and nurtures where they belong.
Then comes the subsidiary, small and neat,
Working under guidance, oh so sweet!
We also call them “daughter” or "sister," you see,
Connected closely, for all to agree.
It’s like a branch upon a tree, it's true,
Growing and thriving, with its parent too.
The parent company gives direction and aid,
But the subsidiary operates, unafraid!
So remember this: "subsidiary" means you know,
A smaller business, helping grow!
Any questions buzzing in your head? Don't hesitate to ask,
Let’s make sure this concept is truly a task...
You've mastered!