Which of the Following Is an Element in the 'Transaction

question 58

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 lists of approved suppliers. 
• C) Comparing whether to perform an activity internally or outsource the activity in the market. 
• D) Concentrate resources on a set of core competencies.

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Definitions:

Defensive Communication

A response style characterized by guardedness to protect oneself from perceived threats or criticism.

Communication

The process of sending and receiving messages or information between individuals or groups.

Attack

An aggressive action or behavior intended to harm, subdue, or defeat someone or something.

Cultural Assumption

A belief or value that is widely accepted within a culture or society, often unconsciously, and influences behavior and attitudes.