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 ?
Seeing the boy scudding away at such a rapid pace, he very naturally concluded him to be the depredator; and shouting 'Stop thief!' 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.
HAFIZABAD -- Unidentified burglars broke into the house of Mumtaz Hussain s/o in Tahli Goraya and made off with cash, gold ornaments and other household articles worth more than Rs1 million.
A SHOP assistant was allegedly threatened with a knife by two men wearing ski masks, before they made off with takings from the cash register from a local shop in Swansea.
In another incident, some burglars broke into the house of Qasir Masood in G-10 and made off with Rs33,000 cash and valuables.
The suspect was disturbed as he made off from the house in Clippens Road in broad daylight carrying a suitcase and other items.
Thieves entered the vehicle, made an untidy search and made off. Nothing was reported stolen in the raid on November 1 in the early hours of the morning.
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 Rs0.6 million in cash and gold ornaments.
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 Rs0.1 million.