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Outsourcing (See Chapter 47 of the Vernimmen)
Outsourcing, considered as one of the off-balance sheet financing techniques, consists in the company’s deliberately reducing itself to a service provider that designs products and finds customers, while assigning production to third parties. In reality, outsourcing is more a change of the business model of the company than an off-balance sheet technique.
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Definitions of terms begining
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Outsourcing (See Chapter 47 of the Vernimmen)
Outsourcing, considered as one of the off-balance sheet financing techniques, consists in the company’s deliberately reducing itself to a service provider that designs products and finds customers, while assigning production to third parties. In reality, outsourcing is more a change of the business model of the company than an off-balance sheet technique.
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