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Question
Which of the following industry(ies) is/are example(s) of Contract Manufacturing?
Which of the following industry(ies) is/are example(s) of Contract Manufacturing?
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Solution
The correct option is D All of the above
Contract manufacturing is an approach to international marketing in which a business pays, a foreign business to manufacture its product and market it in a foreign country, under the domestic businesses' name. For example, Nike use contract manufacturers in South East Asia to produce their sporting goods.
Contract manufacturing is an approach to international marketing in which a business pays, a foreign business to manufacture its product and market it in a foreign country, under the domestic businesses' name. For example, Nike use contract manufacturers in South East Asia to produce their sporting goods.
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