One of the most fundamental and critical decisions in any organization is,should we:
A)make or buy the needed good or service?
B)have a single source or multiple sources for a specific purchase?
C)order small quantities to avoid carrying costs or large quantities for volume discounts?
D)source locally or globally?
E)form a strategic partnership with a single source or split the order to foster competition?

Question

Quizplus · Accepted Answer

The make-or-buy decision is fundamental as it determines whether an organization will produce goods or services internally or purchase them from external suppliers, impacting cost, control, and strategic direction.

One of the Most Fundamental and Critical Decisions in Any