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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 ?
95, 25 minutes) Peggy shows how to custom make books that include a simple stitch binding, as well as pop-up books, accordion books, scrap books, notebooks, and diaries.
Mizoe, who started writing some 30 years ago, has published about 20 books on mothers and children and says she wanted to make books for individual readers, which is now becoming her lifework.
We used to make books consisting of 30 to 40 pages having a price of Rs 30 or 40.