When a company constructs an entire project for the host country organization,this is called
A)franchising.
B)a turnkey operation.
C)licensing.
D)contract manufacturing.

Question

Quizplus · Accepted Answer

A turnkey operation is when a company constructs and hands over the complete project or facility to the host country organization, with the understanding that the project will be ready to use immediately upon its completion. Franchising and licensing involve the use of a company's intellectual property or business model by another entity, while contract manufacturing involves outsourcing the production of specific parts or products.

When a Company Constructs an Entire Project for the Host