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Definition of Make or Buy decision
An enterprise may decide to purchase the product rather than producing
it, if is cheaper to buy than make or if it does not have sufficient
production capacity to produce it in-house. With the phenomenal surge in
global outsourcing over the past decades, the make-or-buy decision is
one that managers have to grapple with very frequently.
2/22/2012 12:00:00 AM
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