An arrangement in which one firm contracts with another firm to produce products to its specifications but assumes responsibility for marketing is:
A) a license.
B) a franchise.
C) a management contract.
D) contract manufacturing.
E) a turnkey project.

Question

Quizplus · Accepted Answer

Contract manufacturing is the arrangement where one company hires another company to manufacture its products. In this scenario, the hiring company assumes the responsibility of marketing the products.

An Arrangement in Which One Firm Contracts with Another Firm