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outsourcing
by 趙永祥 2015-05-27 18:13:26, Reply(0), Views(531)





 
BusinessDictionary.com
 
  
Tuesday, May 26, 2015
 
Term of the Day

outsourcing

The contracting or subcontracting of noncore activities to free up cash,personnel, time, and facilities for activities in which a company holdscompetitive advantage. Companies having strengths in other areas maycontract out data processinglegal, manufacturing, marketing, payrollaccounting, or other aspects of their businesses to concentrate on what they do best and thus reduce average ...
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Usage Example
To the chagrin of many older Americans, many US based companies are nowoutsourcing their production to countries in the third world which means that it is becoming ever difficult to buy American made products.