________ Are the Costs Associated with Negotiating, Monitoring, and Governing

question 91

Multiple Choice

________ are the costs associated with negotiating, monitoring, and governing exchanges between people.

• A) Economies of scale
• B) Transaction costs
• C) Economies of cost
• D) Salaries

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Definitions:

Internet Security

Measures and protocols to protect computers and networks from unauthorized access, attacks, or data theft when connected to the Internet.

SCM

Stands for Supply Chain Management, which is the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

RFID

stands for Radio-Frequency Identification, a technology that uses electromagnetic fields to automatically identify and track tags attached to objects.

Fast Fashion

A term used to describe clothing collections which are based on the most recent fashion trends and are brought to market quickly at an affordable price.