The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is LOW-COST COUNTRY SOURCING (LCCS)

Using foreign companies with lower wages to generate manufacturing resources as a company’s procurement strategy. A company may be able to lower operational expenses by locating companies operating on leaner budgets than domestic operations. Part of a company’s global sourcing strategy is low-cost country sourcing. Also refer to outsourcing, international procurement organization (IPO).

TLD Example: The new retail store opened to much fanfare, but it remains to be seen whether its low-cost strategy will bring it the market share it needs to stay in business.

Share on facebook
Facebook
Share on twitter
Twitter

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.