Loterre: SAGE: make-or-buy decision

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make-or-buy decision

The term make-or-buy decision represents the decision of firms to organize their goods and services internally or externally. This decision is so central to the functioning of businesses that it has attracted scholars from multiple disciplines such as supply chains, vertical integration, technology, flexibility, allocation of resources, large versus small organization, and core competencies, among others. [Source: Encyclopedia of Business in Today's World; Make-or-Buy Decision]

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