Contract manufacturing is preferred in countries

Question

Quizplus · Accepted Answer

Contract manufacturing is not specific to a single company; it is a widespread practice among various companies, including large multinational corporations like Procter & Gamble, Starbucks, and Unilever. These companies often outsource part of their production to other firms, especially in countries where manufacturing costs are lower, to focus on their core competencies like design, marketing, and brand management.

Contract Manufacturing Is Preferred in Countries