Which of the Following Interorganizational Strategies Help an Organization Minimize

question 92

Multiple Choice

Which of the following interorganizational strategies help an organization minimize transaction costs and avoid bureaucratic costs?

• A)Merging with another company
• B)Outsourcing
• C)Forming a joint venture
• D)Obtaining minority ownership in other companies

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Definitions:

Lowest Bid

The smallest monetary offer made by a contractor to complete a specified project or service.

Specialized Equipment

Tools or machinery designed for a particular purpose or tasks, often requiring specific training or knowledge to use.

Technical Experts

Individuals with specialized knowledge or skills in a particular area or field, especially in technology or engineering.

Compliance

Adhering to established guidelines, regulations, standards, or laws relevant to a specific process, activity, or industry.