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 processing, legal, manufacturing, marketing, payroll accounting, 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.