Outsourcing is a business practice where companies delegate specific tasks or services to external providers, often to reduce costs and improve efficiency. This can include functions like customer service, IT support, or manufacturing, allowing businesses to focus on their core competencies. By leveraging the expertise of specialized firms, companies can access advanced technologies and skilled labor without the overhead of hiring full-time employees. Outsourcing can also facilitate globalization, enabling businesses to operate in multiple markets while maintaining flexibility and scalability in their operations.