Business terms and jargon explained. Your business dictionary
What is Outsourcing
This is where work is subcontractors out rather than having paid employees do the work. There is both benefits and drawbacks to doing this. It will be case sensitive to the business and the position it is in and plans to be in.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.