When a Company Builds a Subsidiary from Scratch in a Foreign

question 163

True/False

When a company builds a subsidiary from scratch in a foreign country it is called a greenfield venture.

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Definitions:

Buying Power

The capacity of an individual or group to purchase goods or services, often related to their disposable income and economic conditions.

Heterogeneous Groups

Groups composed of members having a mix of different backgrounds, talents, experiences, and perspectives.

Prospective Buyers

Individuals or entities that are potential customers, showing interest in purchasing a company's products or services.

Customer Service

The ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience.