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Lanco Inc, Located in Canada, Bought the Australian Mining Company Griffin

Question 57

Multiple Choice

Lanco Inc., located in Canada, bought the Australian mining company Griffin Coal and now runs a 100-percent owned mining entity in Australia.This venture has allowed Lanco complete control over the local market.This strategy is an example of:


A) strategic alliance.
B) exporting.
C) direct investment.
D) franchising.
E) joint venture.

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