________ is a method of going global in which a company makes agreements with producers in the foreign market to produce its product or provide its service.
A) Contract manufacturing
B) Direct investment
C) Acquisition
D) Exporting
E) Management contracting

Question

Quizplus · Accepted Answer

Contract manufacturing is a method of global expansion in which a company makes agreements with producers in the foreign market to produce its product or provide its service. This allows the company to minimize costs and risks associated with manufacturing in a foreign country by outsourcing the work to a local producer. The local producer benefits by gaining access to the company's technology, expertise, and market knowledge.

________ Is a Method of Going Global in Which a Company