Asked by
Ayeesha. layne
on Nov 22, 2024
Verified
BuildTow, a construction company based in the country of Neora; Kchneidan Electric, an energy company based in the country of Rhothaa; and Ginnerad, a solar support company based in the country of Ramanbia have teamed up to build the largest solar park in Rhothaa for Neojen Powers, a Rhothaan-based renewable energy company. In the context of using internationalization entry tactics, these firms have entered a(n) _____ in this scenario.
A) consortium
B) ad-hoc relationship
C) proprietorship
D) franchising agreement
Consortium
A group of companies or institutions that collaborate on a common project or share resources to achieve a specific goal.
- Evaluate the operational and strategic elements essential in the creation of joint ventures and different kinds of partnerships.
- Analyze the diverse approaches for penetrating international markets, with focus on "make," "buy," "ally," and alternative tactics.
Verified Answer
PS
Learning Objectives
- Evaluate the operational and strategic elements essential in the creation of joint ventures and different kinds of partnerships.
- Analyze the diverse approaches for penetrating international markets, with focus on "make," "buy," "ally," and alternative tactics.
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