Which type of venture is the most difficult to pursue, but gives a firm the greatest control because it is able to design every detail of the business?

Question

Quizplus · Accepted Answer

A greenfield venture involves starting a completely new business from scratch in a new market or location. This is the most difficult type of venture to pursue because it requires significant investment and expertise to establish all aspects of the business. However, since the firm has complete control over every detail of the business including its design, location, and operations, it gives the firm the greatest control over its destiny.

Which Type of Venture Is the Most Difficult to Pursue