Whirlpond,a manufacturer of home appliances,has historically produced the components for their products.However,Whirlpond now contracts with other firms to produce these components.This strategy of________ appears to be a trend among Canadian manufacturers.

Question

Quizplus · Accepted Answer

Outsourcing refers to a strategy where a company contracts with another firm to perform certain business functions that were previously done in-house. This is what Whirlpond is now doing by contracting with other firms to produce their components. This strategy is becoming increasingly common among Canadian manufacturers as a way to reduce costs and improve efficiency.  Therefore, option A is the best choice.

Whirlpond,a Manufacturer of Home Appliances,has Historically Produced the Components for Their