Contract manufacturing is one mode of licensing that allows a company to start faster, with the opportunity to form a partnership or buy out the local manufacturer later.

Question

Quizplus · Accepted Answer

Contract manufacturing allows a company to begin production quickly by outsourcing to a local manufacturer. This can serve as a way to test the market and potentially form a long-term partnership or even acquire the local manufacturer.

Contract Manufacturing Is One Mode of Licensing That Allows a Company