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This collaborative arrangement between Alumplus Aluminum Company and LM Group of Manufacturers is most likely to be classified as Outsourcing.
Outsourcing involves the hire agreement between two entities in which the outsourcing entity allows the vendor to supply goods and services that it formerly produces in-house.
The main advantages of outsourcing are:
Thus, this collaborative arrangement between Alumplus Aluminum Company and LM Group of Manufacturers is most likely to be classified as Outsourcing.
Learn more about outsourcing at https://brainly.com/question/12101789 and https://brainly.com/question/4456416
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