Apple Inc.,an American company,hires Taiwan's Foxconn Technology Group to produce its products,whose subsidiary assembles Apple devices in factories in China.Which of the following refers to the business arrangement between Apple and Foxconn?

Question

Quizplus · Accepted Answer

The business arrangement between Apple and Foxconn is best described as contract manufacturing, where Apple contracts Foxconn to manufacture its products. This allows Apple to focus on design and innovation while outsourcing the manufacturing process to Foxconn.

Apple Inc,An American Company,hires Taiwan's Foxconn Technology Group to Produce Its