In Terms of Business Strategy, Managers Will Attempt to Adopt

question 7

Multiple Choice

In terms of business strategy, managers will attempt to adopt business strategies that attempt to:

• A) maximize transactions costs.
• B) stabilize transactions costs.
• C) Minimize transactions costs.
• D) Invert transactions costs.

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Definitions:

Proximity

A principle of perception that elements close to each other tend to be perceived as a group.

Similarity

The state or fact of being alike; often used to describe how alike two or more objects, ideas, or concepts are.

Closure

The psychological term for seeking a sense of resolution or completion.

Binocular Disparity

The difference in the images received by the two eyes as a result of their horizontal separation, which is used for depth perception.