Final answer:
Software packages are prewritten, commercially available sets of software programs that save businesses from having to develop their own in-house solutions for certain functions.
Step-by-step explanation:
Prewritten, commercially available sets of software programs that eliminate the need for a firm to write its own software programs for certain functions are referred to as software packages. These packages can include a variety of applications tailored for specific tasks, allowing businesses to save time and resources that would otherwise be required for developing such software in-house. Instead of writing unique code, companies can employ these outsourced solutions to streamline their operations.
While outsourcing can refer to hiring external organizations to perform tasks that might otherwise be completed internally, in this context, it applies to purchasing pre-built software solutions instead of creating them. Similarly, to how cable companies may offer bundled services at an appealing price, software companies often bundle multiple programs, which may include software packages designed to meet most of the users' needs within one purchase.