Question

The company Foxconn, which is located in Taiwan, was hired by Apple to produce many of the parts for its highly popular iPhone. Foxconn’s relationship with Apple in this scenario an example of what?

(1 point)
Responses

joint venture

joint venture

contract manufacturing

contract manufacturing

licensing agreement

licensing agreement

strategic partnership
GPT-4o mini
The relationship between Foxconn and Apple in this scenario is an example of **contract manufacturing**.

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