The establishment of a wholly new operation in a foreign country is referred to as a(n):
A) outplacement
B) greenfield investment
C) new venture
D) exporting
E) turn-key investment

Question

Quizplus · Accepted Answer

Greenfield investment refers to the creation of a new operation in a foreign country from scratch, including the purchase or leasing of land, construction of facilities, and hiring of employees. It is a completely new venture rather than expanding an existing operation or simply exporting goods.

The Establishment of a Wholly New Operation in a Foreign