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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 ?
Rosanna, 35, told the Irish Mirror: "Making time for seeing family and friends is so important, I've been through phases of my life when I've been writing books or studying, working day and night.
With the Recreational Music Making movement continuing to grow and develop across the country, Making Time for Making Music is a book long overdue in the music community.
"Making time for our relationship in our daily routine really helps to keep the romance alive."
"Cash and I have found that maintaining a family schedule is the key to making time for each other.
It comes packed with advice on how to get the most from reading, from making time to read to memorizing and pondering upon meaningful phrases in the course of reading.
Bob is an exemplary citizen, helping both young and older members of his family, volunteering with the Masons at a high level, yet still making time for the Gazette and other UELAC functions.
Tutunska banka says citizens most often make time deposits for 3, 6 and 12 months and there is also a good trend in making time deposits for more than 12 months.
THE importance of making time to de-stress your life is being highlighted, thanks to a new initiative by NHS Tees.
The Cannonball Kid may be feeling the effects of the leg operations he underwent in the Countess of Chester hospital last month, but he is still making time to meet his many admirers.
Gateshead Council's Playday is part of a national scheme which highlights the importance of making time for children to enjoy free play.
Making time for regular back exercises is critical given that Americans are quite a bit more sedentary than even a generation ago--the human body is simply not designed to sit for hours a day.
With the multi-billion dollar Small Business Innovation Research (SBIR) Program set to expire in less than 90 days, many small technology-based companies are making time in their schedules to visit with their members of Congress, to stress the importance of SBIR for small business and for U.S.