Which of the following statement is true?
1. Greenfield venturing is the establishment of a new wholly own subsidiary in a foreign country by constructing its facilities on an existing platform.
2. Joint venture is created for the purpose of a specific project or other business activity.
3. In strategic alliance, individual identities of the companies are retained.
A. Both 1 and 3
B. Both 2 and 3
C. Only 2
D. Only 3
Answer: Option B
This Question Belongs to Management >> Marketing
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