Answer:
Explanation:
The defined process is Contract manufacturing agreement .
Contract manufacturing agreement is a process where a client agrees with a manufacturer to design , manufacture according to specified requirements and deliver these goods which the client intends to integrate into his own final products.
Major benefits
It offers expertise skills in the process of production
Cost saving in capital , labor and other costs related to production, budgets are better managed and profit increases
It also gives time to focus on other business related activities
Drawback
Poor manufacturer might be engaged if research was not properly done before engagement . leading to bad products and bad reputation in the market
There is also a risk of potential delay in delivery
