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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Outsourcing  

Definition 1.

Purchasing a significant percentage of intermediate components from outside suppliers.
 

Definition 2.

Work done for a company by people other than the company's full-time employees.
 

Definition 3.

A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.
 
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