________ is an arrangement in which the focal firm or a consortium of firms plans, finances, organizes, manages, and implements all phases of a project abroad and then hands it over to a foreign customer after training local workers.
A) Home-replication strategy
B) Exporting
C) Turnkey contracting
D) Equity-based collaborative venture

Question

Quizplus · Accepted Answer

Turnkey contracting involves a firm or consortium handling all aspects of a project abroad—from planning and financing to implementation—before transferring it to a foreign client, typically including the training of local personnel.

________ Is an Arrangement in Which the Focal Firm or a Consortium