In ________, the firm hires local manufacturers to produce the product. This gives the company less control over the manufacturing process and loss of profits of the manufacturing efficiencies.

Question

Quizplus · Accepted Answer

Contract manufacturing involves hiring local manufacturers to produce the product, which gives the company less control over the manufacturing process and results in loss of profits of the manufacturing efficiencies.

In ________, the Firm Hires Local Manufacturers to Produce the Product