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 Comptroller and Auditor General ( CAG) of India on Friday revealed wasteful and loss- making ways to the tune of over ` 6,000 crore of Delhi's Sheila Dikshit government in the financial year that ended on March 31, 2013.
Mobile phones without the unique security code are making ways into the grey market by using clones of the IMEI numbers of the genuine sets.
He focused on how Chinese is making ways as an international language.