When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co.in order to expand its product line and the market for its existing consumer products, it was an example of a(n):
A)direct foreign investment
B)limited partnership
C)international corporation
D)international cooperative
E)cooperative cartel

Question

Quizplus · Accepted Answer

This is an example of direct foreign investment, where a company invests in a foreign company to expand its market presence and product line.

When Grand Metropolitan, a British Company, Purchased U