A ________ is establishing a production or service facility from the ground up.
A) joint venture
B) licensing agreement
C) greenfield investment
D) wholly-owned facility

Question

Quizplus · Accepted Answer

Greenfield investment refers to the process of establishing a production or service facility from the ground up, which involves building a new facility, acquiring land, and developing the necessary infrastructure. The other options (joint venture, licensing agreement, and wholly-owned facility) involve different forms of partnerships or acquisition of an existing facility rather than starting from scratch.

A ________ Is Establishing a Production or Service Facility from the Ground