Make-or-buy decisions
Make-or-buy decisions is decisions about whether a producer of goods or services will insource (produce goods or services within the firm) or outsource (purchase them from outside vendors).
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Make-or-buy decisions. Decisions about whether a producer of goods or services will insource (produce goods or services within the firm) or outsource (purchase them from outside vendors).
