When foreign firms build production facilities in Canada,they are engaging in:

Question

Quizplus · Accepted Answer

When foreign firms build production facilities in Canada, they are engaging in foreign direct investment (FDI). This refers to the investment made by a foreign company in a physical facility or a subsidiary in a foreign country. It can involve building new facilities, buying existing assets, or joint ventures with a local partner. FDI is a strategic approach for companies looking to establish a presence in foreign markets and gain access to new customers, resources, and technology. It involves a significant investment of capital, time, and effort in the host country, demonstrating a long-term commitment to the market.

When Foreign Firms Build Production Facilities in Canada,they Are Engaging