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Which of the following statement is true 1 Greenfield venturing is...

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Marketing
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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.

Answer & Solution
Correct Answer: Option B
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