make

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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 periodicals archive ?
The guard was on duty when a gang struck at a private residence making away with an unknown amount of money and other valuables.
Four robbers barged into the house of Imran in Clifton and held family members hostage before making away with gold ornaments worth millions of rupees, cell phones and other valuables worth millions of rupees.
The criminals spent over an hour going through cupboards and drawers making away with cash and valuables including 10 million rupees in cash as well as 5 kilograms of gold.
That if somebody has damaged the system by deliberately making away with funds, or diverting funds, the fear should be that they are cut off from accessing new funds from the public, whether be through markets, or banks.
Two men tried making away with two sealskin coats in a daring daylight robbery at a seal products store in St.