In Order to Organize and Carry Out Transactions Efficiently,firms Alternate

question 70

Multiple Choice

In order to organize and carry out transactions efficiently,firms alternate between _____

• A)profit and revenue maximization.
• B)vertical and horizontal integration.
• C)economies of scale and economies of scope.
• D)internal production and market purchase.
• E)skill development and training.

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Definitions:

Close Supervision

A management style involving careful and continuous oversight of employees' activities to ensure tasks are performed correctly.

Participatives

A leadership style or approach that involves all members of a team in the decision-making process.

Immediate Rewards

Incentives or rewards given instantly after a desired behavior, used to reinforce that behavior.

Decision-making Process

A series of steps taken by individuals or groups to choose the best action among several options.