Small Business Glossary - Definition of the term Outsourcing

Definition of Outsourcing

Definition:

Purchasing a functional service for the company from another business.
Types of services commonly outsourced are payroll, taxes, and advertising.

Related Terms:

Contract
Independent Contractor
Consultant

Related Information:

Independent Contracting
Government Contracting

Related Books:

The Contracting Organization: A Strategic Guide to Outsourcing
Alliances, Outsourcing, and the Lean Organization
Books about Contracting

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