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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 ?
In one of the longest running competitions in local golfing history - having teed off first back in 1927, the same year as The Ryder Cup made it's debut - the local constabulary's six-man team finished with an overall total of 455 as did Amtico but in a countback over the last nine holes of each player it was the Police who came out on top by just 4.5 shots.
When the report is made it's easy to get someone's name for future reference.
He said: "Nobody likes to make mistakes but once they've been made it's done.