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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