By Offering the Possibility of Repeat Business,the Suppliers and Buyers

question 42

True/False

By offering the possibility of repeat business,the suppliers and buyers can avoid the problems of opportunism that give rise to transaction costs.

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Definitions:

Intuitive Thinker

An individual who prefers to rely on intuition and subjective understanding to make decisions and solve problems.

Crisis Situations

Emergency circumstances that require immediate action due to the potential threat to health, safety, or stability.

Flexible Approach

A method or strategy that is adaptable and can be adjusted according to changes in circumstance or new information.

Multidimensional Thinking

Multidimensional thinking is the ability to consider and integrate multiple perspectives and dimensions (such as logical, emotional, and creative) in the problem-solving process.