By Offering the Possibility of Repeat Business,the Suppliers and Buyers

question 42

True/False

By offering the possibility of repeat business,the suppliers and buyers can avoid the problems of opportunism that give rise to transaction costs.

---

Definitions:

On-the-job Training

A hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.

Job Rotation

A strategic human resources technique involving moving employees through a variety of jobs at the same company to increase their knowledge and skills.

Performance Aid

Tools or resources used to improve or facilitate the performance of tasks, ranging from written guides to software applications.