Cost to buy & Cost to make

IB Business Management: Cost to buy & Cost to make

A make or buy decision involves managers choosing whether to manufacture a product in-house (make) or to purchase it (buy) from a third-party subcontractor. A make or buy decision is therefore about the relative merits of insourcing or outsourcing.In-house production enables the organization to have closer control over costs and quality. It also allows the business to have better overall management of the production...

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