What Term Describes When a Firm Has Minimized the Extent

question 2

Multiple Choice

What term describes when a firm has minimized the extent to which the exchange of goods and services in the vertical chain has been organized to minimize coordination,agency and transaction costs?

• A)Agency efficiency
• B)Technical efficiency
• C)Lean compliant
• D)Economizing
• E)Six sigma compliant

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Definitions:

Establishing

Refers to the process of initiating, defining, or setting up certain parameters, structures, or foundations in various contexts.

Dehumanization

The process of depriving a person or group of positive human qualities, often leading to the perception of the target as less than human.

Emotional Detachment

A mental state in which an individual maintains a boundary from emotional experiences, often as a protective or coping mechanism.

Ill Person

An individual who is experiencing sickness or disease, affecting their physical, mental, or emotional well-being.