EBL Industries its products in foreign countries, where labor is less expensive and production sites are owned by other companies. This strategy allows EBL Industries to experiment in new markets without incurring the large start-up costs involved with building its own production facilities.

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Complete Question

EBL Industries its products in foreign countries, where labor is less expensive and production sites are owned by other companies. This strategy allows EBL Industries to experiment in new markets without incurring the large start-up costs involved with building its own production facilities.

Select one:

a. franchises

b. licenses globally

c. pays governments to market

d. contract manufactures

d. contract manufactures

Explanation:

Contract manufacturing can be defined as the process whereby a manufacturer A in a particular country or area, enters into a contract with another manufacturer B in a particular area or country or area that have the necessary equipment, manpower to produce the parts or equipment required by Manufacturer A for the production of their own products.

Contract Manufacturing helps to prevent and reduce wastage time money and resources. In contract manufacturing, the labour that is used is less expensive and it allows manufacturing industries to experiment in new markets without accumulating the large start-up costs involved with building its own production facilities.

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