Question

Why do you need to think of the details mentioned in the table de
purchasing a product?​

Answer 1

Answer:

First of all...if you buy a food product then u need to check expiry..otherwise it will affect your body system...then, you need to check if the particular thing in good condition or not..

Answer 2

Answer:

A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier.

Also referred to as an outsourcing decision, a make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question.

To compare costs accurately, a company must consider all aspects regarding the acquisition and storage of the items versus creating the items in-house, which may require the purchase of new equipment, as well as storage costs.

$\huge{\bf{\pink{\mathrm{KEY \: TAKEAWAYS ↓}}}}$

• A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier.
• Make-or-buy decisions, like outsourcing decisions, speak to a comparison of the costs and advantages of producing in-house versus buying it elsewhere.
• There are many factors at play that may tilt a company from making an item in-house or outsourcing it, such as labor costs, lack of expertise, storage costs, supplier contracts, and lack of sufficient volume.
• Companies use quantitative analysis to determine whether making or buying is the most cost-efficient method.