Utilize the input text as a context reference, choose the right relationship between Premier Farnell and CPC from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Analysts also said pressure on management could see Premier Farnell offload some of its non-core assets, such as brands CPC or MCM, to help the floundering company get in shape for a possible sale.

Answer: subsidiary