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Which of the following is an example of horizontal FDI? General Motors Corporation builds a plant in China to supply Buicks to the Chinese market

Which of the following is an example of horizontal FDI?

General Motors Corporation builds a plant in China to supply Buicks to the Chinese market Lenovo,

a Chinese company, acquires IBM's personal computing business.

Ford Motor Company acquires the British firm Jaguar.

The Venezuelan government acquires the Venezuelan operations of BP Petroleum.

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