Some companies choose to approach international growth through contract manufacturing primarily for the reason of lower labor costs. Contract manufacturing allows companies to reduce production expenses by leveraging cheaper labor and resources available in different countries, which can significantly improve their profit margins and competitiveness in the global market.
Why do some companies choose to approach international growth through contract manufacturing?
(1 point)
Responses
lower labor costs
lower labor costs
new markets to sell
new markets to sell
royalty fees
royalty fees
diverse holding options
1 answer