Brooke Monroe, the Vice President of Manufacturing for Diacon Products has made a strong argument for the company to enter foreign markets via turnkey projects. However, the company's Chief Financial Officer, Nandu Kishore argues that turnkey projects being short-term propositions could be disadvantageous for the firm if a country subsequently proves to be a major market for the output of the process that has been exported. Brooke Monroe could counter this objection by arguing that Diacon Products can get around this problem by
A. selling competitive advantage to competitors.
B. competing with the local firm in the global market.
C. taking a minority equity interest in the operation.
D. withholding vital process technology from the local firm.
E. establishing a joint venture with a local firm.
Answer: C. taking a minority equity interest in the operation