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 classic literature ?
with all his might, made off after him, book in hand.
The savages then made off with the horses, leaving the rest of the party to find their way to the main body on foot.
QILA DIDAR SINGH -- Two dacoits barged into the house, shooting at and injuring a woman for resistance and made off with gold jewellery here the other day.
ISLAMABAD -- A man was killed in a road accident in the capital while robbers struck at two places and made off with cash and valuables, police stated on Thursday.
On Tuesday, December 5, they hit the Co-operative store in Alloa Road, Causewayhead, where they made off with PS200 worth of alcohol.
Thieves entered the vehicle, made an untidy search and made off.
Ijaz Ghani, a resident of Airport, lodged a complaint with the local police that robbers intercepted him, held him hostage at gunpoint and made off with Rs0.
Rawalpindi -- Thieves have struck at a house and made off with valuables worth millions within the Race Course Police jurisdiction.
Witnesses said a group of sixth formers - three boys and one girl - who were parked in the car park, pursued the man, who then placed the TV on the floor and made off.
A PAIR of supermarket trolley thieves are being hunted after they made off with 15.
Mohammad Ahmed, a resident of Ramna, lodged a complaint with the local police that burglars made their way into his house and made off with Rs50,000 in cash, a laptop, gold ornaments, rings and other valuables worth over Rs0.
A ROBBER made off with cash after threatening staff with a sawn-off shot-gun at Sakara restaurant, in Aigburth.