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componentan item (e.g. a clutch) which is used in the assembly of a final product (e.g. a car). See PARTS FAMILY CODING AND CLASSIFICATION SYSTEM, ORIGINAL EQUIPMENT, REPLACEMENT PART, AFTER-SALES CARE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson