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make

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

A day after their engagement earlier this week, Jonas and Chopra also made time to visit the girls at the St.

Priyanka Chopra, Nick Jonas delight orphans

She was a person, intelligent made time "But (Mr McCaff-erty) had insufficient time to avoid the collision (and) he was well within the speed limit."

Teacher's husband criticises police at inquest; dog walker 'didn't stand a chance' when car hit her on 60mph road

When was the last time you made time for you to lose yourself in something you love?

GAVIN OATTES I WAS JUST THINKING

While at the recent Wales in Bloom Launch at Bedwellty House and Park in Tredegar and inspired by one of the volunteer's (thank you Pat) passionate speeches about her childhood being spent in the gardens, I made time to explore the beautifully restored grounds.

Blooming marvellous

NINE-yearold Heather Hawkins made time for a very special holiday experience when she visited the UK with her dad Jason.

Penguin fun

The singer made time to visit orphanages and expressed her desire to open one herself in the future.

Lady Gaga visits India

Ever the pro, the Italian even made time to pose for photos with the adoring crowd on the way back to the weighing room.

Super stylish Frankie; BETTING REPORT

ISLAMABAD, July 16, 2009 (Balochistan Times) -- Welcoming the resumption of Pakistan and India composite dialogue process, Chairman Jammu and Kashmir Liberation Front (JKLF) Yasin Malik Thursday stressed that the negotiation process should be made time bound aiming to ensure the outcome.

Malik stresses time bound dialogue process between Pakistan and India

McClelland and his staff always made time for me--to adjust some pins.

Top doctors testimony

St George of England also made time and space for Year 6 children to have their leavers' assembly there.

Letter: You Say - Short points

The night was full of local musicians and even Lord Mayor Cllr Dave Batten, Coventry City chairman Joe Elliott, presenter Bob Brolly and Enemy drummer Liam Watts all made time in their busy schedules to be there, as did many others.