In a _____,A Mode of Entry into Foreign Markets,a Firm

question 103

Multiple Choice

In a _____,a mode of entry into foreign markets,a firm agrees to set up an operating plant for a foreign client and hand over the plant when it is fully operational.

• A) franchising agreement
• B) turnkey project
• C) licensing agreement
• D) wholly owned subsidiary
• E) joint venture

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Definitions:

Compensate

To compensate means to make amends for something lost or damaged, or to provide a person with something in exchange for an effort, loss, or inconvenience they have experienced.

Culture

The shared customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Captivity

The condition of being imprisoned or confined, often used in reference to animals kept in zoos or as pets.

Arbitrary

Driven by unpredictable choices or individual inclinations rather than by reasoned decision-making processes or organized methods.