In ____________________, the Company Arranges with a Local Manufacturer to Manufacture

question 41

Multiple Choice

In ____________________, the company arranges with a local manufacturer to manufacture parts of the product or even the entire product. The marketing of the
Product, however, is still the responsibility of the international firm.

• A) licensing
• B) franchising
• C) cooperative exporting
• D) contract manufacturing
• E) indirect exporting

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Definitions:

Contracts

Legally enforceable agreements between two or more parties with mutual obligations.

Special Treatment

Preferential or distinctive handling or consideration given to an individual or entity under specific circumstances.

Hand Wax

A detailing service for vehicles involving the application of wax to the car's exterior by hand to protect and enhance its paint finish.

Spray Wax

A product designed for quick and easy application to a vehicle's exterior to enhance its shine and provide a thin protective layer.