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Management Contracting Definition and Explanation PDF Download

Learn Management Contracting definition in marketing with explanation to study “What is Management Contracting”. Study management contracting explanation with marketing terms to review marketing course for online MBA programs.

Management Contracting Definition:

  • A joint venture in which the domestic firm supplies the management know-how to a foreign company that supplies the capital; the domestic firm exports management services rather than products.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Management Contracting Explanation:

The board contracting is an acquirement course in which the works are built by various works contractual workers who are contracted to an administration temporary worker. The administration temporary worker is commonly designated by the customer right off the bat in the plan procedure with the goal that their experience can be utilized to improve the expense and fabricate capacity of proposition as they create, just as to educate on bundling and the dangers regarding interfaces. The understanding among customer and the executives contractual worker is probably going to cover both pre-development and development exercises, with a notice to continue between the two, preceding which works contracts can't be let.

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