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Outsourcing is the practice of hiring external companies or individuals to perform tasks or complete projects that would otherwise be done in-house. It is a cost-effective and efficient way of utilizing resources that are not available or not specialized within the organization. Outsourcing enables companies to focus on their core competencies while leaving non-core activities to external parties. It can include outsourcing of functions such as customer service, IT services, research, manufacturing, and logistics, among others. Outsourcing has become a popular practice among businesses of all sizes and across various industries.
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