Forming from scratch a wholly-owned subsidiary in another country can be most accurately described as
A) a greenfield venture.
B) a cross-border acquisition.
C) an international transplant.
D) a duplication strategy.

Question

Quizplus · Accepted Answer

Forming a wholly-owned subsidiary in another country from scratch is called a greenfield venture. This means that the company is starting with a clean slate and building its operations from the ground up, rather than acquiring an existing company or transplanting its operations from one country to another.

Forming from Scratch a Wholly-Owned Subsidiary in Another Country Can