When a business locates a production facility or sales office overseas by purchasing a foreign business from another firm, this is referred to as a _____.
A) greenfield venture
B) outsourcing
C) offshoring
D) cross-border acquisition

Question

Quizplus · Accepted Answer

When a business locates a production facility or sales office overseas by purchasing a foreign business from another firm, it is referred to as a cross-border acquisition. Greenfield venture refers to establishing a new operation in a foreign market, while outsourcing and offshoring involve subcontracting work to an external company or relocating operations to a foreign country.

When a Business Locates a Production Facility or Sales Office