A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.
A) joint venture
B) strategic alliance
C) greenfield venture
D) franchise

Question

Quizplus · Accepted Answer

A greenfield venture involves building an entirely new operation in a foreign country, which is different from a joint venture or strategic alliance where a partnership or collaboration is formed with an existing entity. Franchising also involves a partnership with an existing entity, where the franchisor grants the right to use their brand and model to the franchisee. Therefore, the best choice in this scenario is C - greenfield venture.

A __________ Establishes a Foreign Subsidiary by Building an Entirely