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 ?
This proves how big of a tool of chaos and disruption social media is,' the minister said, adding that 'it later turned out that the news run by an anchor, on which the Supreme Court also took notice, was entirely make-believe.
The minister further stated,"this proves how big of a tool of chaos and disruption social media is", adding that it later turned out that the news run by an anchor, on which the Supreme Court also took notice, was entirely make-believe.
Carol Hopkinson, owner of North Shire said: "We're aiming to create a magical world of make-believe during the weekend that will captivate children and will find parents easily getting in the spirit of it all.
Solmon (Anthony Correa), the man who came ashore to share his stories with landlady Maudie (Julie Barclay), actively encourages a young Arlo (Owen again) to engage in this world of make-believe.
6 ( ANI ): A seven-year-old boy studying in the second grade in Colorado has been suspended from his elementary school for 'throwing' an imaginary grenade during a harmless make-believe game he was playing called 'rescue the world'.
Why would anyone in their right mind stay indoors this winter playing make-believe video games when a whole world of playing make-believe video games when a whole world of REAL predator hunting is right at hand and ripe for the picking?
WE HAVE once again entered the land of make-believe in the conference season, with the leaders of opposing parties coming up with the solutions to our problems.
BAUZ THAT: Hat-trick ace Guillem Bauza celebrates with a make-believe League One trophy after the Swans' 4-1
Get rid of make-believe police, make-believe teachers, make-believe doctors and make-believe nurses.
How do people label us when we play make-believe as adults?
Sir - As we embrace the festive season and enter a magical land of make-believe is it purely coincidental that the UK has approved 10 new opencast coal mines and China is building new coal-fired power stations with a capacity greater (Oh