Credible commitments refer to:
A) believable promises that support the development of a long-term relationship between companies.
B) the merging of two companies that have an equal market share.
C) to obtaining of goods, services or works from an external source.
D) the acquisition of one company by another company.
E) the outsourcing of after-sale services to a different company.

Question

Quizplus · Accepted Answer

Credible commitments are believable promises made by one party to another party with the intention of supporting the long-term relationship between them. These commitments can help build trust and reduce opportunistic behavior, which can be beneficial for companies in the long run.

Credible Commitments Refer To