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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 classic literature ?
Lydgate did not mean to be one of those failures, and there was the better hope of him because his scientific interest soon took the form of a professional enthusiasm: he had a youthful belief in his bread-winning work, not to be stifled by that initiation in makeshift called his 'prentice days; and he carried to his studies in London, Edinburgh, and Paris, the conviction that the medical profession as it might be was the finest in the world; presenting the most perfect interchange between science and art; offering the most direct alliance between intellectual conquest and the social good.
"Sorry, Bunny!" said Raffles, sitting on one pedestal of a desk from which the top had been removed, and setting his makeshift lantern on the other.
[Latin] Among the Greeks and Romans, sacrifices for propitation of the Dii Manes , or souls of the dead heroes; for the pious ancients could not invent enough gods to satisfy their spiritual needs, and had to have a number of makeshift deities, or, as a sailor might say, jury-gods, which they made out of the most unpromising materials.
All those makeshifts were condemned and punished, for the law was harshly applied, in hopes to break up the clan spirit; but in that out-of-the-way, sea-bound isle, there were few to make remarks and fewer to tell tales.
All manner of makeshifts had to be tried in place of tile ducts, which were not known in 1883.
It was a medley of makeshifts. Almost every part of its outfit had been made for other uses.
Telephonic apparatus consisted of makeshifts and adaptations.
Genteel blinds and makeshifts were more or less observable as soon as their doors were opened; screens not half high enough, which made dining-rooms out of arched passages, and warded off obscure corners where footboys slept at nights with their heads among the knives and forks; curtains which called upon you to believe that they didn't hide anything; panes of glass which requested you not to see them; many objects of various forms, feigning to have no connection with their guilty secret, a bed; disguised traps in walls, which were clearly coal-cellars; affectations of no thoroughfares, which were evidently doors to little kitchens.
Thus, by divers little makeshifts, in that ingenious way which is commonly denominated "by hook and by crook," the worthy pedagogue got on tolerably enough, and was thought, by all who understood nothing of the labor of headwork, to have a wonderfully easy life of it.
Summary: Dewas (Madhya Pradesh) [India], Aug 31 (ANI): Students of Hirli village in Madhya Pradesh's Dewas risk their lives to reach schools as they are forced to cross the Shipra river using makeshift boats made up of gallon drums.
Homs, SANA -- A media delegation representing Russian and European media outlets on Thursday visited the makeshift center in the Bayadha district in Homs, which is home to hundreds of displaced people who had come from Rukban camp in the Tanf area on Syrian-Jordanian border, where they had suffered difficult humanitarian circumstances because of their siege by the US occupation forces and their terrorists mercenaries in the camp.
The jails and police stations have run out of space and many detainees have been lodged in makeshift detention centres.