Which of the following is an advantage of turnkey projects as a mode of entry into foreign markets?
A. It is an ideal way to gain entry into a country where FDI is not limited by government regulations.
B. It is a useful strategy to earn great returns from the know-how of a technologically complex process.
C. It is an ideal way to establish a firm's long-term presence in a foreign country.
D. It helps protect a firm's competitive advantage.
E. The firm that enters into a turnkey project with a foreign enterprise avoids giving rise to potential competitors.
B
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An innovation management system would most likely be used by ________
A) managers to update details about customer information B) brand managers to collect, review, and evaluate new product ideas C) suppliers to access inventory information D) product managers to track logistics of a new product E) human resource managers to update information on employee incentives
Businesses within a purely competitive market have few opportunities to raise or lower their prices
Indicate whether the statement is true or false