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 periodicals archive ?
The LCCI President said that the SNGPL gas closure to the textile made ups sector would render millions of people jobless therefore there was a dire need that the government should direct the SNGPL authorities to reset its priorities regarding provision of gas otherwise situation would get out of hand.
Mumbai (Maharashtra) [India], Mar 11 (ANI): The Cotton Textiles Export Promotion Council (TEXPROCIL) welcomed the Cabinet's approval of the scheme to provide rebate in state and central embedded taxes for the Made ups and Apparel sectors.
As against this manufacturing of made ups is highly fragmented.
The major textile exports items are, cotton cloth, cotton yarn, cotton thread, bed wear, ready made garments, knitwear, raw cotton, tents and other canvas goods, towels, Textile made ups etc.
"There is a significant increase in the Drawback rates for cotton Made ups which will encourage export of value-added products like home textiles.
The Industry should try to fulfill its promise given to the government the Union Textile Ministry has announced the Rs 60 billion special apparel package in July 2017 and the garment and made ups Industry should take advantage of the scheme.
He said many SMEs were also importing and exporting textile and made ups.