Examlex
Which of the following is the second step in the control process?
Contract Manufacturing
The outsourcing of certain production activities to third-party companies, often to save costs or leverage specialized capabilities.
Joint Venture
An arrangement in which a domestic firm partners with a foreign company to create a new entity, thus allowing the domestic firm to enter the foreign company’s market.
Exporting
Selling domestically produced products to foreign markets.
Foreign Company
A business entity that is registered, operates, or is based in a country other than the one where it conducts most of its operations or sales.
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