Question

Which of the following is the correct definition of green field venture?

• A. Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in a foreign country by constructing its facilities from start.
• B. Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in one's own country by constructing its facilities from start.
• C. Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in either a foreign country or one's own country by constructing its facilities from start.
• D. None of the above

Answer 1

The correct option is A

Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in a foreign country by constructing its facilities from start.

Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in a foreign country by constructing its facilities from start.