Final answer:
Outsourcing is undertaken to access cheaper labor markets, allowing companies to take advantage of lower labor costs in other countries.
Step-by-step explanation:
One of the reasons outsourcing is undertaken is to access cheaper labor markets. Outsourcing is the process of hiring outside contractors, sometimes abroad, to perform tasks a company once performed internally. This allows companies to take advantage of lower labor costs in other countries, which can lead to cost savings and increased profitability.