Which of the following statements holds true for contract manufacturing?
A)It refers to the issue of tenders leading to the awarding of contracts to manufacturing companies.
B)It refers to the insourcing of manufacturing activities of an organization.
C)It refers to the outsourcing of manufacturing activities of an organization.
D)It refers to the laying down of special contract agreements by governments to attract manufacturing companies.
E)It refers to the social contract between the community and a manufacturing organization on environmental issues.

Question

Quizplus · Accepted Answer

Contract manufacturing involves the outsourcing of manufacturing activities by an organization to a third-party manufacturer, rather than insourcing or directly involving tenders, government agreements, or social contracts related to environmental issues.

Which of the Following Statements Holds True for Contract Manufacturing