Turnkey projects being short-term propositions can be disadvantageous

QUESTION

Turnkey projects being short-term propositions can be disadvantageous for a firm if a country subsequently proves to be a major market for the output of the process that has been exported. The firm can get around this problem by:

A. selling competitive advantage to competitors.

B. competing with the local firm in the global market.

C. taking a minority equity interest in the operation.

D. withholding vital process technology from the local firm.

E. establishing a joint venture with a local firm.

ANSWER

C