Which of the Following Is an Advantage of a Greenfield

question 4

Multiple Choice

Which of the following is an advantage of a greenfield venture?

• A)High control
• B)Low cost
• C)Low risk
• D)Fast entry
• E)Established manufacturing operations

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Definitions:

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.

Nonrival-in-consumption

A characteristic of goods where one person's consumption does not diminish the ability of others to use the same good.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively denying access to it to non-paying individuals or entities.

Nonrivalry

A characteristic of a good or service where its consumption by one individual does not reduce its availability to others.