What takes place when a foreign company produces goods to specification set by a domestic company,with the domestic firm's brand name affixed to the goods?
A)importing
B)joint venturing
C)direct investing
D)contract manufacturing

Question

Quizplus · Accepted Answer

This is an example of contract manufacturing, where a foreign company produces goods according to the specifications set by a domestic company and attaches the domestic company's brand name to the goods.

What Takes Place When a Foreign Company Produces Goods to Specification