The choice of developing its own system or acquiring a software package from an external vendor is also called this type of decision:
A)Point-scoring decision
B)Make-or-buy decision
C)Overall feasibility decision
D)PERT decision

Question

Quizplus · Accepted Answer

The choice between developing an in-house system or purchasing an external software package is referred to as a "Make-or-buy decision." This decision involves evaluating whether it is more cost-effective and strategically beneficial to create a custom solution (make) or to purchase a ready-made software (buy) from a vendor.

The Choice of Developing Its Own System or Acquiring a Software