Making Components Is Preferable to Buying Them from an Outside

question 15

True/False

Making components is preferable to buying them from an outside vendor when using idle plant capacity would boost production efficiency, in-house production would protect a secret design, or the firm can reduce the cost of investment by purchasing equipment that will soon be obsolete.

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Definitions:

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

To-Do List

A list of tasks or activities that need to be completed, often used as a productivity tool to organize and prioritize work.

Digital Technology

The branch of technology dedicated to creating, storing, and processing data in digital form, encompassing computers, smartphones, and the internet.

Modern Organization

An contemporary entity structured and managed to adapt rapidly to market changes, often leveraging technology and innovative practices.