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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 ?
"Alex really looks forward to those long, hot summer nights when I'm always keen to make love to him.
Jason and I would make love every night and when he went away I missed the excitement, the affection and that feeling of being close to someone.
A third of women regularly did not want to make love and 23 per cent said sex was not a pleasure.
The wine and the feeling of his fingers on my legs made me desperate to make love to him there and then.
MORE than 30 couples a year make love at the top of the 1,045ft Eiffel Tower, a former lift operator claimed yesterday.