Compare in-house and out-house production processes?
In-house production is when an organization or a business develops its products or services in its own arena through its own tools, skills, and technology. In-house production needs huge costs in the initial stage but it offers large-scale benefits for the long run. Out-house production means getting a product or a service ready by an organization from a third-party source. This is also known as outsourcing. This is done when an organization lacks the basic or the advanced requirement for production such as required skills, experience, technology, investment, and so on. Both in-house and out-house have their own pros and cons associated with them both together.
