Outsourcing involves contracting an outside company to manage a function that used to be dealt with within the organization.

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Outsourcing involves hiring an external company to handle a particular function or service that was previously performed within the organization. This practice is widespread in modern business, particularly in IT services, customer service, and manufacturing. Companies typically outsource functions to reduce costs, improve efficiency, and focus on their core competencies.

Outsourcing Involves Contracting an Outside Company to Manage a Function