Contracting with people or companies outside your business to do work for your business refers to

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Contracting with people or companies outside your business to do work for your business is known as outsourcing. This can include tasks such as manufacturing, customer service, or IT support, and is often done to reduce costs and improve efficiency. Moonlighting refers to an employee doing work outside of their regular job, bootstrapping refers to starting a business with minimal external funding, and licensing refers to giving permission to use a product or service in exchange for payment or royalties.

Contracting with People or Companies Outside Your Business to Do