Transaction costs refer to the costs a firm incurs to coordinate activities between business units.

Name: Transaction costs refer to the costs a firm incurs to coordinate activities between business units.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Transaction costs primarily refer to the expenses incurred when buying or selling goods and services, which can include costs for information, negotiation, and enforcement of contracts, not just the coordination activities between business units.

Transaction Costs Refer to the Costs a Firm Incurs to Coordinate