When a Foreign Firm Contracts with a Local Firm in the Host

question 73

Multiple Choice

When a foreign firm contracts with a local firm in the host market to produce a product, it is referred to as:

• A)contract manufacturing.
• B)management contracting.
• C)direct investment.
• D)strategic alliance.
• E)dumping.

---

Definitions:

Flexibility

The ability to adjust to different situations.

Creative Workers

Individuals engaged in occupations that require innovation, originality, and thinking outside conventional norms to produce unique and novel outputs.

Passion

Intense, driving, or overmastering feeling or conviction towards a person, activity, or concept.

Leader-Member Exchanges

A theory describing how leaders develop individualized relationships with followers, resulting in different levels of support and expectations.