Question

Donald is the owner of the party hat, a u.S. Event-planning company. He plans to open an event-planning company, events & adventures, in london. Events & adventures will be totally owned and controlled by the party hat, which makes events & adventures a ____ of the party hat.

Answer 1

I believe the answer is: joint venture

Joint venture refers to a a type of business entity which consist of multiple ownership between established members. The percentage of ownership could be determined by the amount of capital that the members brought in or the unique skill set that would help the business operation.