True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its speci

Question

Vesnalui [34]

3 years ago

9

True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its speci

fications.

Business

1 answer:

Nina [5.8K] · Answer 1 · 2022-08-25T23:50:09+03:00

The statement which states that a management contract is an arrangement in which one firm contracts with another to produce products to its specifications is false

According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to produce its goods to its specifications.

As a result of this, we can see that a management contract is one where one firm gives its management skills in part or in full to another firm.

With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to produce products to its specifications but is in charge of the marketing.

Therefore, the correct answer is false.