_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"
A)Franchising
B)Brownfield venture
C)Joint venture
D)Greenfield venture
E)Licensing

Question

Quizplus · Accepted Answer

A Greenfield venture is when a company decides to build its operations in a foreign country from the ground up, including constructing new facilities and hiring new employees, rather than acquiring or partnering with existing local companies.

_____ Refers to a Company Establishing a New, Wholly Owned