In terms of business strategy, managers will attempt to adopt business strategies that attempt to:
A) maximize transactions costs.
B) stabilize transactions costs.
C) Minimize transactions costs.
D) Invert transactions costs.

Question

Quizplus · Accepted Answer

Minimizing transactions costs is a common business strategy as it can lead to cost savings, improved efficiency, and increased profitability. By streamlining processes, reducing redundancies, and utilizing technology, companies can minimize the costs associated with transactions such as purchasing, production, and sales. This allows them to compete more effectively in the marketplace and offer lower prices to customers while maintaining profitability. Maximizing or stabilizing transactions costs may not be optimal as it can lead to inefficiencies, higher costs, and reduced competitiveness. Inverting transactions costs is not a recognized business strategy.

In Terms of Business Strategy, Managers Will Attempt to Adopt