Examlex

Solved

The Theory of Transaction Cost Analysis (TCA) States That When

question 67

True/False

The theory of transaction cost analysis (TCA) states that when substantial transaction-specific assets are necessary to sell a manufacturer's product, the costs of using and administering the independent agents are likely to be lower than the costs of hiring and managing a sales force.


Definitions:

Adaptive

Relating to or characterized by adaptation; capable of adjusting to new conditions for survival advantage.

Alarm-Calling

A behavior in animals where individuals produce vocalizations to warn conspecifics of potential danger.

George C. Williams

A prominent evolutionary biologist known for his work on natural selection, adaptation, and the cost of reproduction.

Variant Alleles

Different forms or versions of a particular gene, which can lead to variations in physical or physiological traits among individuals within a population.

Related Questions