An international firm that enters into a turnkey deal has a long-term

QUESTION

An international firm that enters into a turnkey deal has a long-term interest in the foreign country.

Indicate whether the statement is true or false.

ANSWER

FALSE
An international firm that enters into a turnkey deal will have no long-term interest in the foreign country. This can be a disadvantage if that country subsequently proves to be a major market for the output of the process that has been exported.