Non-core item

Non-core item,

Definition of Non-core item:

  1. An item that is not considered central to the running of a business or company. It should not be confused with non-core assets, as they are still required in the business and their operation may make up a large aspect of the business composite. But they are not key players and often have no significant impact on primary activities of the company.

  2. A non-core item is an engagement considered to be outside of business activities or operations that are the main revenue source of the business. Non-core items are considered to be peripheral or incidental activities, while core items are considered central to operations. Often, businesses will outsource non-core items to firms that specialize in these activities. This is especially true for smaller firms.

  3. In accounting, non-core items can also relate to interest, taxes, and other expenses.

How to use Non-core item in a sentence?

  1. Non-core items may represent a substantial part of a business's health and often represent a significant portion of the business's expenses.
  2. A non-core item is outside of the primary business activities or operations that are the main revenue source of the business.

Meaning of Non-core item & Non-core item Definition