What are the type of decisions about whether a firm should make or buy the component parts that go into the final product known as?

Question

Quizplus · Accepted Answer

The type of decisions about whether a firm should make or buy the component parts that go into the final product is known as sourcing. Sourcing decisions involve evaluating the costs, quality, and availability of both in-house production and external suppliers. Thus, to make an informed sourcing decision, a company needs to weigh the advantages and disadvantages of each option and consider factors such as the cost of production, the level of control over the production process, and the quality of the final product. Therefore, choice C is the best answer.

What Are the Type of Decisions About Whether a Firm