What term describes the act of utilizing external resources?

The correct term for the act of utilizing external resources is indeed out-sourcing. This practice involves delegating certain business processes or functions to external parties, often to leverage specialized expertise, reduce costs, or improve efficiency. Organizations might outsource tasks such as customer service, IT support, or manufacturing to companies that can perform these tasks more effectively.

Out-sourcing allows businesses to focus on their core competencies while relying on external providers for additional support, enabling greater flexibility and access to resources that may not be available in-house. It is a strategic decision that can lead to increased productivity and operational effectiveness, making it a fundamental concept in modern business management.

Other options, while relevant in certain contexts, do not accurately characterize the use of external resources in the same way. Networking typically refers to building relationships and connections within a professional sphere. Externship is an educational experience that provides a student with practical exposure in a certain field. Collaboration involves teamwork and joint efforts, often among internal team members rather than outside entities. Therefore, the focus on effectively leveraging external resources identifies out-sourcing as the most appropriate term.