When should a company be specifically looking for a management contract?

Question

Quizplus · Accepted Answer

A management contract is a contract between a company and a third party that provides managerial services to the company. This type of contract is usually sought by companies when they lack the necessary expertise to manage certain aspects of the business or when they want to bring in a specialized management team to run a specific project. Therefore, option D is the best choice. Option A does not necessarily require a management contract, option B describes a supplier outfitting the marketing plan which is not related to management contracts, and option C is unclear and not related to management contracts.

When Should a Company Be Specifically Looking for a Management