OUTSOURCE Definition

Bookmark and Share

OUTSOURCE is to obtain goods or services from an outside supplier; i.e., to contract work outside of your budget and control. (An example would be companies outsourcing a percentage of their direct labor in order to maintain a flexible workforce.).

Learn new Accounting Terms

MARKET SHARE is the percentage of sales a company captures for a particular product line, i.e., the percentage of total industry sales that a particular company controls within a given market.

POSTULATE, in logic, is a proposition that is accepted as true in order to provide a basis for logical reasoning.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.