Using contract manufacturing as a strategy to reach global markets gives firms the advantage of
A) expert and experienced laborers.
B) reduced financial risks.
C) increased volatility.
D) currency stability.

Question

Quizplus · Accepted Answer

Through contract manufacturing a company can often experiment in a new market without heavy start-up costs. If the brand name becomes a success, the company has penetrated a new market with relatively low risk.

Using Contract Manufacturing as a Strategy to Reach Global Markets