Which of the following concepts refer to efforts needed to negotiate and organize collaboration?

Name: Which of the following concepts refer to efforts needed to negotiate and organize collaboration?
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Transaction costs refer to the efforts, both in terms of time and resources, needed to negotiate, organize, and enforce collaboration or agreements between parties. This includes the costs of searching for information, bargaining, making decisions, and ensuring compliance.

Which of the Following Concepts Refer to Efforts Needed to Negotiate