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:

Sensory Adaptation

A method where sensory detectors decrease their sensitivity to unchanging stimuli over time, enabling organisms to concentrate on environmental changes.

Motivation

The reason or reasons one has for acting or behaving in a particular way.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli, helping organisms to focus on changes in their environment.

Masking Stimuli

A process in which the perception of one stimulus (the mask) interferes with the perception of another stimulus, reducing its recognizability.