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Discuss the Transaction Cost Theory
Transaction cost theory argues that the goal of organizations is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization. What do organizations consider when trying to choose interorganizational strategies in order to minimize transaction costs and bureaucratic costs? Provide at least one example of this in action.
Assignment is designed to not only to give students an opportunity to practice concepts learned in class, but also to give them experience using tools that are essential in business
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