In 2015, Silicon Valley Bank of the U.S. opened two facilities in London and Bangalore, to serve the U.K. and Indian markets. These new facilities are examples of

Question

In 2015, Silicon Valley Bank of the U.S. opened two facilities in London and Bangalore, to serve the U.K. and Indian markets. These new facilities are examples of
	a.	licensors.
	b.	strategic alliances.
	c.	subsidiaries.
	d.	international acquisitions.
	e.	franchisees.

GPT-4o mini · Answer

The new facilities opened by Silicon Valley Bank in London and Bangalore to serve the U.K. and Indian markets are examples of **c. subsidiaries**. Subsidiaries are separate legal entities that are wholly or partially owned by a parent company, and establishing facilities in other countries often falls under this category.