A(n) ________ Is the Advantage That Arises from Internalizing a Business

question 124

Short Answer

A(n) ________ is the advantage that arises from internalizing a business activity rather than leaving it to a relatively inefficient market.

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Definitions:

Establishing

The process of setting up or founding something, such as a new business, system, or relationship.

Skill-Based Pay

A method of compensation where employees are paid based on the skills and knowledge they possess, rather than their job title or status.

Developing Issues

Emerging problems or challenges that are in the process of becoming more prominent or severe.

Output-Related Pay

Compensation that varies depending on the quantity or quality of work produced by an employee.