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Question

_________ is one form of outsourcing that allows companies to improve their production capability, get new services they cant manufacture themselves or reduce their production costs.

A
Export
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B
Import
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C
Contract manufacturing
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D
None of the above
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Solution

The correct option is B Contract manufacturing
A contract manufacturing company may offer significant cost advantages over an organization's internal production facilities.Because contract manufacturing companies will specialize in developing certain kinds of products, it can start a high-volume production line while implementing all of its' cost saving measures

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