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in __________ the company makes agreements with manufacturers in the foreign market to produce its product or provide its service.

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In contract manufacturing, a corporation strikes deals with producers in another country to create its goods or render its services.

The term "contract manufacturing" refers to what?

When two businesses reach an agreement to produce parts or goods over a predetermined period of time, this is known as contract manufacturing. Similar to outsourcing labor, this type of outsourcing allows businesses to compete in markets they couldn't previously access.

What is the revenue stream for contract manufacturers?

Multi-client production is done by contract manufacturers. They can offer lower raw material acquisition prices by taking advantage of economies of scale because they are serving several consumers. A shipment's cost per unit will decrease as more units are included in it.

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