A __________ Establishes a Foreign Subsidiary by Building an Entirely

question 25

Multiple Choice

A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.

• A) joint venture
• B) strategic alliance
• C) greenfield venture
• D) franchise

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Definitions:

Recessiveness

A term in genetics where a trait is not expressed in the presence of a dominant allele, requiring two copies of a recessive allele for expression.

Economies of Scope

Economies of scope describe cost advantages that enterprises obtain due to a broader scope of operations, where producing a wider variety of goods or services leads to lower average costs.

Economies of Scale

Reductions in the average cost of a product in the long run, resulting from increased production and operational efficiencies.

Learning Curve

The concept that describes how new skills or knowledge can be acquired more efficiently over time, leading to decreased costs and increased productivity.