Over Time, When the Scale and Scope of Informal Transactions

question 56

Multiple Choice

Over time, when the scale and scope of informal transactions ________, the cost per transaction move down and benefits move up.

• A)​Expand
• B)​Contract
• C) ​Are eliminated
• D) ​Increase through opportunism

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Definitions:

Transnational Strategy

A business strategy that involves operating in multiple countries while maintaining a unified global business approach.

Divisional Structure

An organizational framework where operations are divided based on divisional lines, such as geographical areas, products, or markets.

Unique Offerings

Products, services, or experiences provided by a company that are distinct and not available from competitors, often creating a competitive advantage.

Knowledge Flow

The movement of knowledge from where it is generated to where it can be utilized, encompassing the transfer and sharing of knowledge within and between organizations.