What term describes when a firm has minimized the extent to which the exchange of goods and services in the vertical chain has been organized to minimize coordination,agency and transaction costs?
A)Agency efficiency
B)Technical efficiency
C)Lean compliant
D)Economizing
E)Six sigma compliant

Question

Quizplus · Accepted Answer

Agency efficiency refers to the minimization of coordination, agency, and transaction costs in the vertical chain of a firm.

What Term Describes When a Firm Has Minimized the Extent