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_____ Occurs When a Company Contracts with Suppliers in Other

question 49

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_____ occurs when a company contracts with suppliers in other countries to make the various inputs that go into its products or to assemble the final products to reduce costs.


Definitions:

Age of Majority

The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.

Intends

Plans or aims to carry out a specific action in the future.

Disaffirm

The act of rejecting or voiding a contract or agreement, especially one entered into by a minor or under conditions that make it voidable.

Minor

An individual under the legal age of adulthood, generally unable to enter into enforceable contracts except for certain necessities.

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