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date: 25 September 2017

outsourcing

Source:
A Dictionary of Business and Management in India
Author(s):

Peter Enderwick

outsourcing 

The sourcing of goods and services from an outside supplier as opposed to being produced in-house. Outsourcing can occur domestically (an outside supplier in the same country as the buyer) or offshore (from an overseas location). Terms such as offshoring and outsourcing are used carelessly and are best understood from the following:

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