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

Licensing

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

Franchising

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

Joint Venture

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

Open in App

Solution

The correct option is C
Contract manufacturing

Contract manufacturing refers to outsourcing a part of or entire production and concentrating on marketing operations in international business.

Suggest Corrections

Similar questions

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

The one in which an outside business is hired is called outsourcing, through a ______________.

Join BYJU'S Learning Program