Business Studies

_________ 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.


ANSWER

Contract manufacturing


SOLUTION
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
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Advantages to a franchisor in a franchise are _____________________.
  • A. capital injection
  • B. market penetration
  • C. risk sharing
  • D. all of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
For international development of business enterprise, it should always take care of which of the following points?
  • A. Unnecessary control on Industrial licencing, reduction in tax, rates, socio-cultural
  • B. Reduction in tax, unnecessary control on Industrial licencing, shareholders
  • C. Media, socio-cultural, shareholders
  • D. Unnecessary control on Industrial licencing, reduction in taxes, freedoms in fixing prices

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Middlemen assisting in international trade include(s) which of the following?
  • A. Export agents
  • B. Forwarding agent
  • C. Import agent
  • D. All of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 TRUE/FALSE Medium
Exporting/importing is the most preferred way for business firms when they are getting initially involved with international business.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Subjective Medium
Define income terms of trade.

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer