A ________ is often called a "Greenfield venture."
A) strategic alliance
B) licensing arrangement
C) wholly-owned subsidiary
D) cross-border acquisition

Question

Quizplus · Accepted Answer

A wholly-owned subsidiary refers to a new entity that is set up by a company in a foreign country. Since this new entity is built from scratch and is not an acquisition or partnership with an existing company, it is often referred to as a "Greenfield venture."

A ________ Is Often Called a "Greenfield Venture