A Greenfield venture in a foreign market is one:
A. where the company creates a wholly owned subsidiary business by setting up all aspects of the operation upon entering the market from the ground up.
B. where foreign facilities and marketing strategies are shared with local businesses.
C. where the company learns through training by the foreign entity on how to compete.
D. that supports exports into a foreign market by marketing indirectly thru local rivals.
E. that offers lower risk and a faster path to financial returns.
Answer: where the company creates a wholly owned subsidiary business by setting up all aspects of the operation upon entering the market from the ground up.