Contract Manufacturing Refers to

Multiple Choice

Contract manufacturing refers to

A) offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
B) contracting with a foreign firm to manufacture products according to stated specifications.
C) contracting between a foreign country and a local firm to invest together to create a local business.
D) having a company handle its own exports directly, without intermediaries.
E) exporting through an intermediary, which has the knowledge and means to succeed in selling a firm's product abroad.