_________ 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.

Export

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Import

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Contract manufacturing

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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

Suggest Corrections

Similar questions

Q. A company Randomly selects

100

customers. They conduct a survey of these customers to get feedback on their products and services. This kind of sampling is representative of which of the following types of sampling?

Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

(a) Licensing

(b) Franchising

(d) Joint venture

Q. A distribution channel in marketing refers to the path or route through which goods and services travel to get from the place of production or manufacture to the final users.

Q. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as ________.

State True or False. India is a preferred destination for global outsourcing of research and development, manufacturing, software development and IT-enabled services.

Join BYJU'S Learning Program