Question

Explain ownership and affiliation

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Answer 1

`\large{\boxed{\underline{\bf{\red{Ownership:}}}}}`

• Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties.

`\large{\boxed{\underline{\bf{\pink{Affiliation:}}}}}`

• Affiliate is used primarily to describe a business relationship wherein one company owns less than a majority stake in the other company's stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of the same larger parent company.