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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.


  1. Only statement 1 is correct 

  2. Both statements are correct

  3. None of the statements is correct

  4. Only statement 2 is correct


Solution

The correct option is B

Both statements are correct


Both statements are correct. 

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