Luke is the owner of Fun Times, a U. S. event-planning company. He plans to open an event-planning company, Events & Adventures, in Germany. Events & Adventures will be totally owned and controlled by Fun Times, which makes Events & Adventures a of Fun Times.

Full question:

Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events & Adventures, in Germany. Events & Adventures will be totally owned and controlled by Fun Times, which makes Events & Adventures a of Fun Times.

joint venture

total investment agreement

strategic alliance

wholly owned subsidiary

maquiladora

Events & Adventures will be totally owned and controlled by Fun Times, which makes Events & Adventures a wholly owned subsidiary  of Fun Times.

Explanation:

A wholly-owned subsidiary is an organization whose complete stock is owned by a different company, pronounced as the parent company. Wholly owned subsidiaries acknowledge the parent company to expand, control, and probably lessen its peril.

Wholly owned subsidiaries may be the portion of the same industry as the parent company or portion of completely various industries. The financial benefits of a wholly-owned subsidiary incorporate more manageable recording and more financial resources. Diversification is a system for a company to diminish risk by revealing diverse kinds of businesses.

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