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 ?
But Health Minister Lord Warner said: "We remain confident that the roll-out of Choose and Book will continue to increase and great progress is being made day by day.
The benefits can be made day and night, on Sundays and public holidays, 24/24.
RACEGOERS should not panic if they haven't bought tickets to see Frankel at Royal Ascot this afternoon as not even the presence of the best horse in the world has made day one a sellout, writes Jessica Lamb.
Hush Puppies, America's most recognized comfort shoe brand, has decided to join the parade of Oscar nominee gifting with a custom made Day Before the Red Carpet shoe for leading lady Oscar nominees and Oscar host, Whoopi Goldberg.
The races can be made day or night, so programed or ocassionnelle.