Lucar Steels Inc

question 94

Multiple Choice

Lucar Steels Inc.has decided to enter into a foreign market by setting up its own production facilities and distribution channels from scratch.This will allow it to have strong control over all of its business activities.What is the foreign entry mode most likely opted by Lucar Steels Inc.?

• A) Greenfield operation
• B) Export
• C) Joint venture
• D) Acquisition

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Definitions:

Global

Pertaining to or involving the entire world; embracing all aspects of international relations, culture, and economic development.

Local Control

Pertains to the degree of authority and decision-making power retained at a local or regional level, as opposed to being centralized.

Job Sharing

When two or more employees perform the duties of one full-time position, each sharing the work activities on a part-time basis.

Temporary Layoffs

A situation where employees are suspended or laid off from their jobs for a period of time but are expected to return to their positions in the foreseeable future.