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make

or

buy

the decision by a firm on whether to make a component or product itself or to buy it from an external supplier (see OUTSOURCING). The decision will depend upon the combined production costs and TRANSACTION COSTS of the alternatives. Sometimes a firm may adopt mixes of the two policies, producing some quantity of the product itself and buying the remainder, depending upon the relative costs of the sources and security of supply considerations. See TRANSACTION for a more detailed discussion. See INTERNALIZATION, VERTICAL INTEGRATION.
References in classic literature ?
Others, though content that treaties should be made in the mode proposed, are averse to their being the SUPREME laws of the land.
She made me translate what she could only express in her own tongue, and eagerly asked for the meaning of his replies.
The Asturian, who went all doubled up and in silence with her hands before her feeling for her lover, encountered the arms of Don Quixote, who grasped her tightly by the wrist, and drawing her towards him, while she dared not utter a word, made her sit down on the bed.
It really is wonderful," she agreed, as they all took their seats; "but the Sawhorse must have made his legs twinkle to have carried you so far in one day.
If the old bird profited by this occasional habit, or if the young were made more vigorous by advantage having been taken of the mistaken maternal instinct of another bird, than by their own mother's care, encumbered as she can hardly fail to be by having eggs and young of different ages at the same time; then the old birds or the fostered young would gain an advantage.
The working part of this day and of the next were wholly employed in making my table, for I was yet but a very sorry workman, though time and necessity made me a complete natural mechanic soon after, as I believe they would do any one else.
The great fresh open, after the stupefying warmth indoors, made them behave like wild things.
From Genoa the run to Leghorn will be made along the coast in one night, and time appropriated to this point in which to visit Florence, its palaces and galleries; Pisa, its cathedral and "Leaning Tower," and Lucca and its baths, and Roman amphitheater; Florence, the most remote, being distant by rail about sixty miles.
I think the tone hurt me, for I made no answer, and then the voice said more anxiously 'Is that you?
You see, Mac had made an appointment to meet her at a certain spot, and have a grand skating bout as soon as the few lessons he was allowed were over.
The people for whom the ballads were made could not read and could not write; so it was of little use to write them down, and for a long time they were not written down.
He made all the Indians leave us in the night, though many of them were willing to stay and fill the contract they had made.