In the case of international business, a _____ is one in which a company already operating in a particular country builds a building, plant, or machine for a foreign company.

A) franchisee
B) turnkey project
C) joint venture
D) subsidiary

A turnkey project is when a company (often in construction or manufacturing) builds a fully operational facility for a client. Once the project is completed, the client can simply "turn the key" to start operations, without needing to be involved in the construction or setup process. This term is often used in international business when a company from one country builds a facility for a company in another country.