Exam 7: Foreign Direct Investment

Building a subsidiary abroad from the ground up is called a greenfield investment.

The soaring cost of developing subsequent stages of technology has led multinationals to engage in cross-border alliances and acquisitions.

Developed countries have been the major participants behind cross-border mergers and acquisitions.

The purchase of physical assets or a significant amount of ownership of a company in another country to gain a measure of management control is called ________.