Contract Manufacturing Can Best Be Defined as ________

question 66

Multiple Choice

Contract manufacturing can best be defined as ________.

• A) the outsourcing to independent suppliers of business service functions such as accounting, payroll, human resource functions, travel services, IT services, customer service, or technical support
• B) the relocation of a business process or entire manufacturing facility to a foreign country
• C) sourcing from the firm's own production facilities
• D) an arrangement in which the focal firm contracts with an independent supplier to manufacture products according to well-defined specifications

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Definitions:

Multisided Market

A platform or marketplace that facilitates interactions between two or more distinct but interdependent groups of customers or participants.

Market Segment

A subdivision of a market into a distinct group of consumers or organizations sharing similar needs or characteristics.

Facebook

A social networking platform that allows users to connect, share content, communicate, and engage with communities online, owned by Meta Platforms, Inc.

REM Sleep

A phase of sleep characterized by rapid eye movements, during which most dreaming occurs, and is thought to play a role in learning and memory.