When an organization asks itself about whether to acquire new technology from an outside source or develop it internally, it is known as
A) technology trading.
B) make-or-buy decision.
C) benchmarking.
D) positioning.
E) differentiation.

Question

Quizplus · Accepted Answer

The make-or-buy decision refers to the process of determining whether an organization should produce a product or service internally or purchase it from an external source. In the context of acquiring new technology, this decision includes assessing whether to develop the technology in-house or acquire it from an outside source. Factors such as cost, expertise, time-to-market, and strategic alignment should be considered. Ultimately, the most cost-effective and efficient option should be chosen.

When an Organization Asks Itself About Whether to Acquire New