Question

An original equipment manufacturer refers to a firm that _____. a. both designs and manufactures products b. designs, manufactures, and markets branded products c. licenses its patented inventions to other firms for manufacturing d. executes design blueprints provided by other firms and manufactures such products

Answer 1

Answer:

d. executes design blueprints provided by other firms and manufactures such products

Explanation:

An original equipment manufacturer makes parts and components and sells them to other firms for reselling under the reseller's brand name.  The original equipment manufacturer(OEM) makes complete devices or parts that the reseller uses to manufacture other goods.  There has to be a good relationship between the manufacturer and the final and the OEM.

The manufacturer must determine the quality and other specifications for components that go into their products. Some products are not manufactured; they are an assembly of parts from various OEMs.  

Traditionally, OEMs do not brand or market their products. They receive designs form clients who eventually market the products. However, modern OEM are branding and even selling their products. Examples of OEMs include firms that manufacture automobile parts who sell to car manufacturers. Others are computer parts and software producers who sell to computer manufacturers.