Which of the following describes a turnkey project?
A)Granting rights to intangible property to other firms
B)Establishing firms that are jointly owned by two or more otherwise independent firms
C)Exporting process technology to other countries
D)Setting up wholly owned subsidiaries in foreign nations
E)Selling products produced in one country to residents of other countries

Question

Quizplus · Accepted Answer

Turnkey projects are a means of exporting process technology to other countries. They are most common in the chemical, pharmaceutical, petroleum refining, and metal refining industries, all of which use complex, expensive production technologies.

Which of the Following Describes a Turnkey Project