The make-or-buy decision involves deciding what will be produced and what will be purchased in a manufacturing business.

Question

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The make-or-buy decision is a strategic choice that businesses face regarding whether to produce goods in-house (make) or to purchase them from an external supplier (buy). This decision involves considering factors such as cost, capacity, quality, and lead time.

The Make-Or-Buy Decision Involves Deciding What Will Be Produced and What