C) Because it saves on shipping costs, and if the European firm got mad we'd be screwed. Wholly owning the subsidiary allows complete control and if it fails we simply pull out. Our patents are protected and free from the potential of sabotage.
PED Special Education
SPED Sistema Público de Escrituração Digital (Portuguese: Public System of Digital Bookkeeping)
SPED Society of Piping Engineers and Designers
SPED Service Provider Edge Device
You give an example kinda like a sentences with a very uneasy word to pronounce
hope this helps :)