Which of the following methods might be an efficient way of obtaining inputs when specialized investments are not important?

Question

Quizplus · Accepted Answer

Spot exchange, also known as spot trading, is the buying and selling of goods or services on the spot, with immediate delivery and payment. This can be an efficient way of obtaining inputs when specialized investments are not important, as it allows for the purchase of inputs as needed without committing to long-term contracts or specialized investments. Vertical integration involves owning and controlling the entire supply chain, which may not be necessary or practical for obtaining inputs. Profit-sharing is a method of compensating employees based on company profits and does not relate to input procurement. Long-term contracts may not be necessary if specialized investments are not important, as inputs can be obtained through spot exchange as needed.

Which of the Following Methods Might Be an Efficient Way