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Many Western Firms That Sold Oil-Refining Technology to Firms in Gulf

Question 48

Multiple Choice

Many Western firms that sold oil-refining technology to firms in Gulf states now find themselves competing with these firms in the world oil market.This is an example of:


A) the firm entering into a turnkey project with a foreign enterprise,inadvertently creating a competitor.
B) the firm entering into a turnkey deal having no long-term interest in the foreign country.
C) the country subsequently proving to be a major market for the output of the process that has been exported.
D) selling the firm's process technology through a turnkey project which is also selling competitive advantage to potential competitors.

Correct Answer:

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