Grand Metropolitan,a British company,purchased North American-based Pillsbury Co.in order to expand its product line and the market for its existing consumer products.Metropolitan's purchase was an example of which of the following activities?

Question

Quizplus · Accepted Answer

Grand Metropolitan's purchase of Pillsbury Co. involves direct foreign investment, which refers to a company's investment in and management of operations in a foreign country. In this case, the British company expanded its market presence by acquiring a company based in North America.

Grand Metropolitan,a British Company,purchased North American-Based Pillsbury Co