Transaction cost economics is a theory that centers on just one element of business activity: the cost of creating a product and moving it to the customer.

Name: Transaction cost economics is a theory that centers on just one element of business activity: the cost of creating a product and moving it to the customer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Transaction cost economics focuses on the costs of transactions and governance structures in business activities, not just the cost of creating and moving a product.

Transaction Cost Economics Is a Theory That Centers on Just