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.

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Definitions:

Human Imagination

The capability of the human mind to visualize, create, and innovate.

Attribute

A quality, characteristic, or feature of an individual, object, or concept that can be identified or used to describe it.

Paradigm

A unique collection of ideas or cognitive frameworks, encompassing theories, methodologies for research, assumptions, and criteria for determining valid contributions to a discipline.

Discipline

A field of study or branch of knowledge, as well as the practice of training to improve strength, skills, or behavior through rules and punishments.