When a Large Retailer Asks a Company to Manufacture a Product

question 4

Short Answer

When a large retailer asks a company to manufacture a product so that it can be sold at a low(er)price point,the company is often constrained to outsource its production overseas.Such a phenomenon is called the ____________________.

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Definitions:

Impartial

Not biased, fair; not favoring one side over another.

Insurable Interest

Insurable Interest is a principle requiring that a person purchasing insurance has a stake in the safety and protection of the insured object or individual against loss or damage.

Fraud

Fraud refers to wrongful or criminal deception intended to result in financial or personal gain.

Good Faith

Acting with honesty and sincerity without intention to deceive or defraud in a legal or transactional context.