outsourcing (/ˈaʊtˌsɔːr.sɪŋ/)
noun · Advanced · Work & Business
🔊 /ˈaʊtˌsɔːr.sɪŋ/
Meaning
Meaning: hiring outside firms for work
The practice of paying another company to do work that was previously done inside your own company.
Examples
🗣 The firm reduced costs by outsourcing its customer support to a specialist company abroad.
Etymology
A compound of ‘out’ and ‘source’, coined in the late 20th century in business management.
How & Where It’s Used
Used in business operations and IT.
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Tags: business, operations