Turkey, officially the Republic of Turkey, is a transcontinental country in Eurasia and is bordered by eight countries. Joining the European Union has been a longstanding ambition.
Membership talks were launched in 2005. However, progress has been slow, as several EU states have serious misgivings about Turkish EU membership, especially as its current president, Recep Tayyip Erdogan, imposes increasingly authoritarian policies.
Still, Turkey is a rapidly developing country with increasing prosperity, largely powered by its growing population of 75 million.
Consequently, MNEs of all sorts have opened manufacturing and sales operations in Turkey to serve the expanding market.
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Question | In thinking about this particular situation, which of the following statements best expresses why a foreign company would consider opening an operation in Turkey.
Group of answer choices
Everywhere and always, it is easier and cheaper to produce locally to serve local markets
Selling products and services in Turkey requires adapting them by producing them locally in order to ideally adapt them to local preferences
As the gateway to Eurasia, operating in Turkey makes strategic sense.
The cost of shipping goods from European Union market members, such as Germany, Austria, Switzerland, really to Turkish consumers, already prohibitively expensive.
Accessing fast-growing emerging economies occasionally requires aggressive moves to bypass political or economic entry barriers