When one company is hired to design,construct,and test a production facility for a client,the arrangement is called ________.
A) a turnkey project
B) licensing
C) a joint venture
D) franchising

Question

Quizplus · Accepted Answer

A turnkey project is when a company is hired to design, construct, and test a production facility for a client. The client simply turns the key and the facility is ready to operate. This type of arrangement is common in industries such as oil and gas, power generation, and manufacturing. Choices B, C, and D are not applicable in this context.

When One Company Is Hired to Design,construct,and Test a Production