Question

_______________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. the domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its' home market.

Answer 1

I think the correct answer would be contract manufacturing. This method makes use of a firm or manufacturer that is contracted to make products for another company. It is a type of outsourcing. Hope this answers the question.