when multinationals make a project fully operational and train local managers and workers before the owner takes control, they are using which entry-mode strategy? group of answer choices franchising direct export turnkey licensing
Multinationals use Turnkey as a entry-mode strategy.
A turnkey project is a technique for a foreign corporation to build a plant in another nation and sell its technology and process there.
Turnkey projects are typically used as an entry strategy by industrial enterprises that specialise in complicated production technology.
What is a turnkey plan of action?
The phrase alludes to the fact that a corporate buyer only needs to "turn" a "key" to get things going. Thus, a turnkey firm is one that is already operational and in a state that permits start-up right away.
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