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A foreign firm makes private-label goods under contract for a domestic company. This is:
AContract manufacturing
BContract marketing
CContract monitoring
DContract modelling
Answer & Solution
Correct answer: A. Contract manufacturing
1. The goods carry the buyer's label.
2. The making is done abroad under contract.
3. It is contract manufacturing.
_Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._
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