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 data, obtained by the Reach Data Unit from official police figures, shows the number of "making off" crimes in the West Midlands is at its highest level for 14 years.
The data, obtained by the Reach Data Unit from official police figures, show the number of "making off"crimesin Merseyside is at its highest level for nine years.
It is understood the yobs lashed out in an argument over the cost of the journey before making off with a woman.
He was spotted making off in the direction of the football pitch next to the store.
He threatened staff and took a quantity of cash before making off on foot in the direction of Jericho Lane.
TWO teenagers are being hunted by police after they stole two scooters before crashing one of them and then making off on the other.
Two men, one armed with a gun, entered the premises and threatened staff before making off with a purse belonging to one of the workers.
THIEVES ransacked a North East pub before making off with cash.