Which of the following describes a company hiring a foreign firm to produce a designated volume of its product to specification?
a. Licensing
b. Contract manufacturing
c. Exporting
d. Importing
e. Direct investment
Answer: b
Which of the following describes a company hiring a foreign firm to produce a designated volume of its product to specification?
a. Licensing
b. Contract manufacturing
c. Exporting
d. Importing
e. Direct investment
Answer: b