Whirlpond, a manufacturer of home appliances, has historically produced the components for their products. However, Whirlpond now contracts with other firms to produce these components. This strategy of __________ is a current trend among U.S. manufacturers

Question

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Outsourcing involves a company contracting with a third party to produce goods or services that were previously produced in-house. This is a current trend among U.S. manufacturers as it allows them to focus on core competencies and reduce costs.

Whirlpond, a Manufacturer of Home Appliances, Has Historically Produced the Components