Nonmarket transactions refer to:
A) purchase in the a spot market.
B) vertical integration.
C) short term contracts.
D) market power

Question

Quizplus · Accepted Answer

Nonmarket transactions refer to transactions that occur outside of the market, such as within a firm or through informal relationships. Vertical integration, where a firm owns and controls several stages of the supply chain, is an example of nonmarket transactions. The other choices do not accurately describe nonmarket transactions.

Nonmarket Transactions Refer To