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Module 3 Discussion
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Module 3 Exercise

Module 3 Exercise

Q Describe how companies reduce costs through contract manufacturing and outsourcing. Exercise Instructions: You are required to submit a 2-Page (Title Page and Content Page), APA formatted paper with substantial content. Substantial content requires staying on topic and fully addresses the assignment in a clear, concise, and meaningful manner. The deliverable length of your posting responses must be at least 2-pages, (Title Page and Content Page) APA format. Exercises must be the students original thoughts based on the topics from the "Open Educational Resource" (OER) Course Textbook and/or other referenced sources. Direct quotes from references must be less than 20 words. Please review for sentence structure, grammar and punctuation errors. Plagiarized submissions may result in a "0" for the submission. Late submissions will be deducted 5 points. All assignment(s) derive from the OER Textbook. For academic purposes, at least 1 APA formatted reference is required pertaining to the topic(s). All Exercises Grade Weight Total: 25% Unicheck Guide: Student Guide Plagiarism Checker (Links to an external site.)Links to an external site. APA template: APA Format Made Simple APA format assistance: Purdue Owl APA Format Information & Guides (Links to an external site.)Links to an external site. All student writing assignments will be assessed for grading using the Valencia College “Rubric of Assessment for Written Communication” Rubric Link: Valencia College Written Communications Rubric

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Ways in which contract manufacturing & outsourcing reduce company costs Outsourcing as well as contract manufacturing have become effective and usual forms of business operations for business organizations running in developing countries mostly (Feng et al. 2019). This is because there can be costs saved on paying remuneration/salary as well as incentives/bonuses to employees of outsourced countries. The cost of overall operations, travelling to outsourced countries and provision of training to outsourced employees do not cause losses in business because of the low rates of travelling and conducting business operations in developing countries like India.