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 ?
Others pointed out that no one could really make fun of Swift the way she makes fun of herself as well.
He said he had not meant to make fun of Latvia's history but conceded that next time he would try to get his message across in a less ambiguous manner, without borrowing pictures found on the web.
I mean, sure I make fun of poor people in general, but not those kids specifically, I didn't even know them.