Educating suppliers about the buying organization's operations is an example of a transaction cost in the total cost of ownership model.

Name: Educating suppliers about the buying organization's operations is an example of a transaction cost in the total cost of ownership model.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Educating suppliers is considered a strategic cost, not a transaction cost, as it involves building long-term relationships and improving supply chain efficiency rather than just facilitating a single transaction.

Educating Suppliers About the Buying Organization's Operations Is an Example