_______ involves the production of private-label goods by a foreign company to which a company then attaches its brand name or trademark.
A)Franchising
B)Contract manufacturing
C)Import trading
D)Export trading

Question

Quizplus · Accepted Answer

Contract manufacturing involves a foreign company producing goods for another company, which then attaches its brand or trademark to the product. This allows the company to customize its products without having to invest in manufacturing facilities or expertise. Franchising involves a company allowing other individuals or businesses to use its brand name and operating system in exchange for a fee. Import and export trading involve the buying and selling of goods between companies in different countries.

_______ Involves the Production of Private-Label Goods by a Foreign