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 ?
I still make fun of myself around my husband, though, and he has started making fun of me right alongside me.
Rashid Ahmad, a retired police officer, had moved the petition, submitting that actors make fun of important personalities, especially police personnel, in TV comedy shows and stage plays.
Like when I hosted shows, I made sure I didn't make fun of others.