The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is referred to as a
A)trade-off decision.
B)licensing decision.
C)make-or-buy decision.
D)SWOT analysis.
E)benchmark analysis.

Question

Quizplus · Accepted Answer

The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is referred to as a make-or-buy decision. It involves analyzing the costs and benefits of each option and deciding which one is more advantageous for the organization. In general, if the technology is highly specialized and not a core competency of the organization, it may be more cost-effective and efficient to acquire it from an outside source. However, if the technology is closely related to the organization's core competencies and strategic objectives, it may be more beneficial to develop it in-house. Ultimately, the decision should be based on a thorough analysis of the costs, risks, and benefits of both options.

The Question an Organization Asks Itself About Whether to Acquire