Which of the Following Is an Element in the 'Transaction

question 21

Multiple Choice

Which of the following is an element in the 'transaction cost approach'? 

• A) Arriving at the lowest highest possible quality for each transaction. 
• B) Provision of unique value to the customer. 
• C) Comparing whether to perform an activity internally or outsource the activity in the market. 
• D) The evaluation of the suppliers.

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Definitions:

Computer Forensics

The practice of collecting, analyzing, and preserving computer-related evidence for legal purposes.

Collaborative Model

A framework or system used to enable multiple users or parties to work together on a common task or project, often in real-time.

Subscription Service

A business model where customers pay a recurring price at regular intervals for access to a product or service.

Cognitive Surplus

The collective time and talents available to humanity, particularly as it relates to engaging in collaborative activities utilizing digital technologies.