nike has designed a new shoe, and subcontracts the production to another firm. this practice is known as…

nike has designed a new shoe, and subcontracts the production to another firm. this practice is known as \n\na. direct foreign investment\nb. crowdfunding\nc. internal production\nd. contract manufacturing\ne. franchising

nike has designed a new shoe, and subcontracts the production to another firm. this practice is known as \n\na. direct foreign investment\nb. crowdfunding\nc. internal production\nd. contract manufacturing\ne. franchising

Answer

Brief Explanations:

Direct foreign investment is about investing in a foreign - based business. Crowdfunding is raising funds from a large number of people. Internal production means producing within the company. Franchising is about a business model where one party (franchisor) grants rights to another (franchisee). Contract manufacturing is when a company designs a product and subcontracts its production to another firm, which is the case here with Nike.

Answer:

D. contract manufacturing