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

Licensing

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Franchising

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Contract manufacturing

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Joint venture

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Solution

The correct option is C Contract manufacturing
Contract manufacturing is basically the outsourcing of part of the manufacturing process of a product to a third party. It is used by many U.S. companies. Hence, outsourcing a part or entire production and concentrating on marketing operations in international business is known as contract manufacturing.

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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

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

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

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