What is the term for contracting with foreign suppliers to produce products, usually at a fraction of the cost of domestic production?
A) direct investment
B) importing
C) market manipulation
D) outsourcing

Question

Quizplus · Accepted Answer

Contracting with foreign suppliers to produce products at a lower cost is known as outsourcing. This allows companies to take advantage of lower labor and manufacturing costs in foreign countries, resulting in a higher profit margin for the company.

What Is the Term for Contracting with Foreign Suppliers to Produce