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:

Cultural Convergence

The theory that globalization will result in cultures becoming more similar over time, due to shared technology, media, and communication practices.

Cultural Hybridization

The process whereby cultural elements blend to create a new, distinct cultural phenomenon, often occurring in societies experiencing globalization.

Postmodern Imperialism

The extension of influence or control by Western powers over other societies in a manner that is subtle, often through cultural or economic means, under the guise of globalization or modernization.

Transnational Organization

Entities that operate across national borders, integrating global processes, cultures, and economic systems.