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Commerce Short Question | Gkseries

Q.

In respect of international business, a project is called a turnkey project because :

[A] The licensee agrees to construct an entire plant in his home county and hands over the key.
[B] The licensor starts the operation and hands over the key of the operating plant to the licensee.
[C] The licensor starts the operation and then invites the licensee and hands over the key to complete the remaining work.
[D] The licensor and the licensee jointly carry out the project and agree to share profit equally.
Answer & Explanation

Answer: The licensor starts the operation and hands over the key of the operating plant to the licensee.

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