Question

is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. the domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its home market. multiple choice foreign direct investment franchising exporting contract manufacturing

Answer 1

Contract manufacturing is a popular method used by many companies to outsource the production of goods including clothing, footwear, and mobile phones. A foreign firm is hired to produce and private-label the goods since the pricing is much lower than the local company could charge in its home market.

What is mobile phones?

A portable telephone that can make and receive calls over a radio frequency link while the user is moving within a telephone service area is known as a mobile phone. These terms are sometimes abbreviated to simply mobile, cell, or just phone. A mobile phone operator's switching systems are connected via the radio frequency link, granting access to the public switched telephone network (PSTN). Mobile phones are known as cellular telephones or cell phones in North America because modern mobile telephone services utilize a cellular network design.

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