make

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Related to made for: Work made for hire

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 classic literature ?
Antonia and Yulka came running out, wearing little rabbit-skin hats their father had made for them.
All passages must be paid for when taken, in order that the most perfect arrangements be made for starting at the appointed time.
The proper arrangements being made for the reception of Captain Black, that officer caused his ship's boats to be manned, and landed with befitting state at Astoria.
I promised to be more orderly; and, indeed, I found afterwards the orders made for keeping all together were absolutely necessary for our common safety.