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

Question

Quizplus · Accepted Answer

The process described is known as contract manufacturing, which involves a foreign company producing goods on behalf of another company and attaching their brand name or trademark. Import trading refers to buying goods from foreign suppliers and selling them domestically, franchising involves licensing a company's business model and brand to another party, and export trading involves selling locally-produced goods to foreign markets.

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