Question

When a firm chooses to build new plants and facilities from scratch in foreign markets, this is called __________. A. Exporting B. A joint venture C. Franchising D. A greenfield strategy

Answer 1

Answer:

A. Exporting

Explanation:

The exporting is the process in which the firm or the company sell its products to the foreign inventory with a hope to increase the sales and covers the foreign with a set time which results into increase in high sales and high profits.

Here, the seller is known as exporter while the foreign buyer is known as importer

So in the given case, when a firm chooses to build new plants and facilities from scratch in foreign markets so this we called exporting