When an existing firm with the correct production capabilities makes your product for you,it is referred to as _____.
A) contract manufacturing
B) a sheltered workshop
C) e-tailing
D) freight forwarding

Question

Quizplus · Accepted Answer

Contract manufacturing refers to the process of outsourcing the production of goods to an existing firm that has the necessary production capabilities. This can be a cost-effective way for companies to expand their production capacity without having to invest in new equipment or facilities.

When an Existing Firm with the Correct Production Capabilities Makes