The _____ Approach Is When a Manufacturing Company Uses Outside

question 88

Short Answer

The _____ approach is when a manufacturing company uses outside suppliers to provide large components of the product, which are then assembled into a final product by a few workers.

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Definitions:

Consideration

The value, in the form of money, goods, services, or a promise thereof, that is exchanged between parties as part of a contract.

Inadequacy of Consideration

A situation where the value exchanged in a contract is significantly disproportionate, raising questions about the fairness of the agreement.

Wholesale Price

The cost of goods sold in bulk to retailers or distributors, generally lower than retail price.

Seal

A device or symbol used to authenticate documents as genuine or to signify approval or ratification.