A greenfield operation refers to:
A) efforts among a number of firms to jointly market their products.
B) building new factories and offices from scratch.
C) a new entity jointly created and owned by two or more parent companies.
D) exports and contractual agreements of smaller commitments to overseas markets.

Question

Quizplus · Accepted Answer

A greenfield operation involves building new factories and offices from scratch, typically in a foreign country, as a way to expand business operations.

A Greenfield Operation Refers To