The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

Decision

The process of choosing among different options or actions based on certain criteria or considerations to achieve a desired outcome.

Producing Component

A part or element in a manufacturing process that is being made into a final product.

Purchasing Externally

The process of acquiring goods, services, or works from an outside external source, often through a tendering or competitive bidding process.