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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 classic literature ?
"You are not to say 'stink,'" interrupted Helen; "at least, you may say it, but you must pretend you are being funny while you say it."
He had been kicking up horrid stinks for some time in his study, till I suppose some fellow told Mary, and she told the Doctor.
How that stuff in the bottle stinks! Never mind; I ain't going to stop; but you come up after prayers to our study.
The fitful enthusiasm of Stinks at once caught fire, and he eagerly asked if the lights and the door worked together.
There was a silence, and then the unconquerable Stinks observed:
Mr Stink The very kind, but lonely, 12-yearold Chloe, invites "Mr Stink" and his slightly whiffy dog to leave behind the wooden bench they call home and secretly move into her family's shed.
Biosecurity New Zealand has sent a stark message to shippers, agents, and importers that imported cargo must meet new rules intended to keep brown marmorated stink bugs out of New Zealand.
One of his biggest hits was Mr Stink, published in 2009, which was made into a stage musical and television film of the same name by the BBC.
As of January 2018, brown marmorated stink bugs (Halyomorpha halys) have been positively identified in 44 U.S.
Numerous stink bug species (Hemiptera: Pentatomidae), including Chinavia hilaris (Say), Euschistus servus (Say), E.
The first thing to know about Stink Studios is that there's no narrative surrounding its eyebrow-raising name.
DOZENS of dirty rubbish bags are causing a huge stink in a Birmingham street - because the bin men aren't collecting them.