BuildTow, a Construction Company Based in the Country of Neora;

question 46

Multiple Choice

BuildTow, a construction company based in the country of Neora; Kchneidan Electric, an energy company based in the country of Rhothaa; and Ginnerad, a solar support company based in the country of Ramanbia have teamed up to build the largest solar park in Rhothaa for Neojen Powers, a Rhothaan-based renewable energy company. In the context of using internationalization entry tactics, these firms have entered a(n) _____ in this scenario.

• A) consortium
• B) ad-hoc relationship
• C) proprietorship
• D) franchising agreement

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Definitions:

Firms

Business entities engaged in commercial, industrial, or professional activities, either for profit or as a nonprofit.

Perfectly Competitive

a market structure characterized by a large number of small firms, a homogeneous product, perfect information, and no barriers to entry or exit.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell their invention for a specific period of time.

New Drugs

Refers to medications or therapies that have recently been developed and introduced to the market, typically after undergoing rigorous testing and approval processes.