Question: Define Greenfield venture. Question 1 7 options: A foreign subsidiary that the owning organization has built from scratch. A strategic alliance, with a foreign company

Define Greenfield venture.

Question

17

options:

A foreign subsidiary that the owning organization has built from scratch.

A strategic alliance, with a foreign company to share the risks and rewards of starting a new enterprise together in a foreign country.

Two organizations that have joined forces to realize strategic advantages that neither would have if operating alone.

Form of licensing in which a company allows a foreign company to pay it a fee and a share of the profit in return for using the first company's brand name and a package of materials and services.

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