In the context of modes of entry into foreign markets,turnkey projects are a means of:
A) granting rights to intangible property to other firms.
B) establishing firms that are jointly owned by two or more otherwise independent firms.
C) exporting process technology to other countries.
D) setting up wholly owned subsidiaries in foreign nations.
E) selling products produced in one country to residents of other countries.

Question

Quizplus · Accepted Answer

Turnkey projects involve exporting process technology to other countries, where a firm provides all the necessary services and expertise to design, build, and start up a new facility abroad. The client takes over the facility once it is complete and fully operational.

In the Context of Modes of Entry into Foreign Markets,turnkey