A domestic firm may decide to contract for the production of its goods by an established foreign manufacturer.Such private-label manufacturing by a foreign company is called:
A)contract manufacturing
B)franchising
C)duplicate labeling
D)international labeling
E)private label contracting

Question

Quizplus · Accepted Answer

Contract manufacturing is when a company contracts with another company, often in a different country, to produce its goods. This allows the domestic firm to take advantage of the foreign manufacturer's established production capabilities.

A Domestic Firm May Decide to Contract for the Production