Question

Lee, the CEO of Libra Inc., decided that the best way to diversify this food processing company would be to set up its own small-scale beverage producing unit in a new area where its new products would have high demands. This decision by Lee best reflects a(n) _________.

Answer 1

The decision that Lee wants to take to diversify the food processing company is known as a greenfield entry.

What is a greenfield entry?

This refers to the establishment of a company's subsidiary in another nation or area apart from the company's current location.

Lee wants to establish a new division in another area so this must be a greenfield entry.

Find out more on greenfield entry at https://brainly.com/question/16049184.

#SPJ12