In a ________, a firm agrees to set up an operating plant for a foreign client and hand over the plant when it is fully operational.
A) franchising agreement
B) turnkey project
C) licensing agreement
D) wholly owned subsidiary
E) joint venture

Question

Quizplus · Accepted Answer

A turnkey project involves a firm setting up an operating plant for a foreign client and handing it over when it is fully operational.

In a ________, a Firm Agrees to Set Up an Operating