make

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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 ?
The acting is top drawer but it is the power of the visuals that makes Days Of Heaven so utterly marvellous.
Since I've seen how bad it can be, it just makes days like today, weeks like this week, that much better.
Warm periods enhance cloud formation over the tropics, which makes days cooler and nights warmer.