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What is "OEM" Equipment?

From Tom Wishon, for About.com

Question: What is "OEM" Equipment?
Answer: "OEM" is an acronym that stands for "original equipment manufacturer." In the golf industry, the term OEM is used to describe any golf club that has been built by a company to sell as a standard-made, finished golf club, bought off-the-rack in a retail golf store, pro shop or internet golf retail company. (Contrast with "component clubs")

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