The ____ decision involves comparing the pros and cons of in-house production versus outsourcing of a given product or service.
A) production-or-outsource
B) inside-or-outside
C) make-or-buy
D) pro-or-con

Question

Quizplus · Accepted Answer

The decision of whether to produce a product or service in-house or outsource it is commonly referred to as the make-or-buy decision. Companies need to consider various factors such as cost, quality, capacity, and expertise before making the decision. In many cases, outsourcing may be a more cost-effective option, especially if the company lacks the necessary resources or skills to produce the product or service in-house. However, outsourcing also has its drawbacks, such as a lack of control over the quality and delivery of the product, which must also be considered before making the final decision.

The ____ Decision Involves Comparing the Pros and Cons of In-House