A drawback of a(n)_____,a mode of entry into foreign markets,is that the firm that uses this strategy will have no long-term interest in a foreign country.
A) joint venture
B) greenfield venture
C) acquisition
D) turnkey deal
E) franchising agreement

Question

Quizplus · Accepted Answer

A turnkey deal is a mode of entry where the firm designs and builds the facility for the foreign client and then hands over the "key" to the finished facility. This mode of entry does not require the firm to maintain a long-term presence in the foreign market as the primary focus is on completing the project and handing over the facility to the client.

A Drawback of A(n)_____,a Mode of Entry into Foreign Markets,is