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The subsidiary firm can be authorized to maintain its individual board of directors.[sixteen] The definition of the parent firm differs by jurisdiction, with the definition Commonly currently being described Through legal guidelines managing businesses in that jurisdiction.[sixteen]
Leisure organizations and mass media organizations create revenue largely through the sale of mental house. They incorporate movie studios and manufacturing properties, mass media firms such as cable tv networks, on-line digital media agencies, expertise businesses, cell media shops, newspapers, reserve and journal publishing residences.
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