Evaluate make-or-buy decisions for a component at General Electric.

Compare the costs of manufacturing the component in-house versus purchasing it from a supplier.

Include costs for materials, labor, overhead, and potential supplier costs.

Recommend the best option based on cost-effectiveness and strategic considerations.

Cost Components	In-House Costs ($)	Supplier Costs ($)
Materials	$10,000,000	$8,000,000
Labor	$5,000,000	$2,000,000
Overhead	$7,000,000	$4,000,000