A company which acquires more than 50% voting shares of another company is called?

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

A company which acquires more than 50% voting shares of another company is called?
Answer Details
A company which acquires more than 50% of the voting shares of another company is called a "holding company". This means that the holding company has control over the subsidiary company because it has the majority of the voting shares. The subsidiary company remains a separate legal entity, but is now owned by the holding company. The holding company may also provide strategic direction and financial support to the subsidiary company.
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