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 ?
Judge Eleri Rees made Day the subject of a 12-month community order with supervision and imposed a 12-week curfew from 7pm to 6am.
MAY I thank the Daily Post for its timely initiative in acknowledging the contribution made day in day out by carers across the region - there are an estimated 350,000 carers in Wales.
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.
Addressing a press conference at 180-H Model Town, he said that Joint Investigation Team (JIT) was constituted to probe Zainab case and it made day and night efforts to arrest the real culprit, adding that the real culprit had been arrested in 14 days with the grace of Allah Almighty.
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.