How do Companies decide between Building or Buying a Tool?

A tech startup is contemplating whether to develop a custom analytics tool or purchase an existing one. Evaluate the following factors and determine which are relevant to their build vs. buy decision:


  • Factor I: The estimated time required for the development of a custom tool versus the time it would take to implement an off-the-shelf solution.

  • Factor II: The color scheme and visual design preferences of the company's branding.

  • Factor III: The scalability of the solution to meet future business growth and changing needs.

  • Factor IV: The availability of in-house technical expertise and resources for development and maintenance.

Select the factors that are relevant to the build vs. buy decision.

Choose the closest answer: