A domestic firm enters into a legal agreement under which qualified foreign firms produce their products in their markets for sale by the domestic marketer under an arrangement called:

Question

Quizplus · Accepted Answer

This arrangement is called contract manufacturing, in which the domestic firm contracts with foreign firms to produce their products in the foreign firms' markets. The domestic firm maintains control over the product design and marketing, while the foreign firm handles the production process.

A Domestic Firm Enters into a Legal Agreement Under Which