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The "make or buy" decision in the public sector involves determining whether to produce goods or services internally (make) or to procure them from external suppliers (buy). This choice is influenced by factors such as cost, quality, efficiency, and the availability of expertise. Public agencies must also consider accountability, transparency, and potential impacts on service delivery. Ultimately, the decision aims to optimize resource use while ensuring public value and service effectiveness.
What else can I help you with?
Aim of a public sector business?
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
What is the difference between private sector bonds and public sector bonds?
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
Comparing of private sector and public sector management?
comparison in denture costing between public and private sector
What are the objectives of a public sector business?
to make money
Is sainsburys a private sector business?
It's a public limited company. Anyone can buy shares in the company - share ownership is not limited to employees.
Is the police a public sector?
public sector
What is public sector budgeting?
A sector in which the public can budget
Why is it necessary for the public sector to exist?
the public sector necessity
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
Compare and contrast public sector and private sector?
The public sector provides services that would ordinarily be too expensive for an individual investor to provide. The private sector is however open for any producer or investor to provide competitive services to make a profit.
What are private sector and public sector?
Private sector are things that are owned by people. Public sector are things that are owned by the government.
What is the difference between public sector and private sector and why do government support public sector?
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
