Question

A leading smart phone manufacturer wants to maintain a core team to design its products, but wants to use a contract manufacturer in Singapore to handle production according to its specifications. The organization in this situation should use _______ strategy.

Answer 1

Answer:

The correct word for the blank space is: outsoucing.

Explanation:

Outsourcing is an approach by which companies take part of their operations to a different country in an attempt to cut materials costs and labor hand benefits. It is a strategy also used at the moment of bypassing governmental production regulations. The disadvantages of outsourcing are the loss of direct control over quality standards of manufacturing and to take away job opportunities in the entity's domestic country.