Mar 6, 2008

KnowMore: Turnkey

Turnkey

This term may be used to advertise the sale of an established business, including all the equipment necessary to run it, or by a business-to-business supplier providing complete packages for business start-up. A turnkey operation is one where fragments of a company's business venture or project is outsourced to third parties or vendors. It is often given to the best bidder in a procurement process.

Source:

http://en.wikipedia.org/wiki/Turnkey

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