Decisions a firm must make about whether to perform a certain value creation activity themselves,or outsource it to another entity are best known as:

Question

Quizplus · Accepted Answer

Make-or-buy decisions refer to the decision-making process regarding whether a firm should perform a value creation activity internally or outsource it to another entity. This decision is crucial for companies to optimize their resources and minimize costs while improving the efficiency and effectiveness of their operations. By assessing the benefits and drawbacks of performing the activity in-house versus outsourcing it, firms can make informed decisions that align with their goals and capabilities. Hence, option C is the correct answer.

Decisions a Firm Must Make About Whether to Perform a Certain