Question

Which of the follwoing statement(s) about green field venture is/are correct?

1. Amazon India is a green field venture.

2. 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.

• A. Both statements are correct
• B. None of the statements is correct
• C. Only statement 1 is correct
• D. Only statement 2 is correct

Answer 1

The correct option is A

Both statements are correct

Both statements are correct.