Lanco Inc, Located in Canada, Bought the Australian Mining Company Griffin

question 57

Multiple Choice

Lanco Inc., located in Canada, bought the Australian mining company Griffin Coal and now runs a 100-percent owned mining entity in Australia.This venture has allowed Lanco complete control over the local market.This strategy is an example of:

• A)strategic alliance.
• B)exporting.
• C)direct investment.
• D)franchising.
• E)joint venture.

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Definitions:

Organization Design

The process of structuring an organization's roles, responsibilities, and relationships to effectively achieve its goals.

Strategic Choice

Decision-making processes that consider the long-term goals and direction of an organization.

Authority Relationships

The structured interactions and power dynamics between individuals in positions of command and those who report to them within an organization.

Raw Materials

Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.