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make

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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.
Shri Ujwal Lahoti welcomed this measure as it will lead to employment opportunities for women in the textiles sector especially in the value added segments like garments and made ups.
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.
Over the past seven years, our relationship with NASCAR has made UPS synonymous with America's fastest growing sport," said Patrick Guilbert, UPS vice president of sponsorships.
He said that she was instrumental in the inclusion of Made ups under the ROSL Scheme which was originally introduced to cover only readymade garments and also thanked her for keeping the entire cotton textiles sector at the GST rate of 5 percent and for reducing the GST rate on job work in the textile sector to 5 percent.
He said many SMEs were also importing and exporting textile and made ups.