Quick Answer: What Is A Related Company?

What is another name for a sister company?

What is another word for sister company?subsidiaryaffiliatesubordinate companyattachmentadjunctappendagetributaryfirmcompanywholly owned company9 more rows.

under joint control withAffiliate means, in relation to a person, any company or other entity, whether or not with legal personality, which directly or indirectly controls, is controlled by or is under joint control with that person.

What does Associated mean?

Associated definitions Associated means those that are affiliated, often in similar or equal roles. An example of two people who are associated are the CEO and CFO of a company. … The definition of associated means to have had a relationship of some sort with another person or organization.

What is considered an affiliated company?

Companies are affiliated when one company is a minority shareholder of another. In most cases, the parent company will own less than a 50% interest in its affiliated company. … The term is sometimes used to refer to companies that are related to each other in some way.

What does associated company mean?

A company is associated with another company at a particular time if, at that time or at any other time within the preceding 12 months: One company has control of the other. Both companies are under the control of the same person or group of persons.

What does sister company mean?

Sister companies are subsidiaries that are related to one another by virtue of the fact that they share a common parent entity. Each sister company operates independently from the others, and in most cases, they produce unrelated product lines.

What does reliability mean in business?

A manufacturing process is said to be reliable when it achieves the same results, within defined limits, each time it occurs. … Personnel are considered reliable when they perform consistently and are able to achieve defined objectives. Reliability is measured by results.

What is the meaning of parent company?

A parent company is a company that has a controlling interest in another company, giving it control of its operations.

What is the difference between an employee and an associate?

As nouns the difference between associate and employee is that associate is a person united with another or others in an act, enterprise, or business; a partner or colleague while employee is an individual who provides labor to a company or another person.