In terms of business strategy,managers will attempt to adopt business strategies that
A)maximize transaction costs.
B)stabilize opportunity costs.
C)minimize transaction costs.
D)minimize sunk costs.

Question

Quizplus · Accepted Answer

Minimizing transaction costs is a common business strategy as it seeks to reduce the costs associated with buying and selling goods and services, such as negotiation, monitoring, and enforcement costs. By minimizing these costs, a company can increase efficiency and profitability, leading to improved performance overall. Maximizing transaction costs, stabilizing opportunity costs, or minimizing sunk costs may not necessarily lead to the same level of success in a business strategy.

In Terms of Business Strategy,managers Will Attempt to Adopt Business