Examlex
What is one of the foundational insights of social comparison theory?
Offshoring
The practice of relocating business processes or production to a foreign country to reduce costs.
Subcontracts
Secondary contracts that are assigned by a primary contractor to third parties to perform part of the work originally contracted.
Prime Contractor
The main contractor who has a direct contract with the client and takes overall responsibility for the execution of a project, subcontracting parts of the work to others as necessary.
Government Procurement
The process by which government bodies purchase goods, services, and works from private sector companies, often following specific regulations and standards.
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