Which of the following terms is used to refer to a business arrangement in which a focal firm plans and implements a major facility abroad and upon completion gives control of it to trained local personnel?

Question

Quizplus · Accepted Answer

Turnkey contracting refers to a type of project where a company agrees to fully design, construct, and equip a manufacturing/business/service facility and turn the project over to the purchaser when it is ready for operation for a remuneration.

Which of the Following Terms Is Used to Refer to a Business