The cost minimalization management approach involves the firm's use of formal contracts with partners.

Name: The cost minimalization management approach involves the firm's use of formal contracts with partners.
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The cost minimalization management approach involves the firm using formal contracts to ensure that partners deliver products or services at the lowest possible cost. These contracts help establish clear expectations, reduce transaction costs, and provide incentives for efficient performance.

The Cost Minimalization Management Approach Involves the Firm's Use of Formal