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Go RVing, a U.S. company, built a subsidiary from scratch in England. This is an example of:

a. franchising.
b. greenfield venture.
c. joint venture.
d. exporting.
e. licensing.

User Jabal
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Final answer:

Go RVing's establishment of a subsidiary in England constitutes a greenfield venture, signifying a new operation built from the ground up by the company itself, with full ownership and control.

Step-by-step explanation:

Go RVing building a subsidiary from scratch in England is an example of a greenfield venture. This term refers to a company starting anew operation in a foreign country rather than by acquiring an existing company or expanding through a merger.

Unlike franchising, which involves buying the rights to use a company's business model and brand, a greenfield venture is built from the ground up and is owned and operated by the parent company. It is also not a joint venture, as it is owned entirely by Go RVing, nor is it exporting or licensing, which involve selling goods or intellectual property to another party.

User Penner
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