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 basic smoothie that I've been making for years with great success combines frozen strawberries or raspberries, a banana, orange juice, a little nonfat vanilla or other flavors of yogurt (not frozen) and sometimes a little ice (if you use ice cubes from your home freezer, crush them into smaller pieces first for best results).
a leading developer of high-performance trading solutions for the financial services industry, today announced the introduction of market making for Listed securities on the Lava platform.
a tool in educational decision making for diverse audiences;